Insider Buying: AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Acquires 27,515 Shares of Stock

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) major shareholder Holdings Ilwaddi purchased 27,515 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $3.79 per share, with a total value of $104,281.85. Following the completion of the purchase, the insider now owns 18,012,099 shares in the company, valued at $68,265,855.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Holdings Ilwaddi also recently made the following trade(s):

• On Thursday, August 15th, Holdings Ilwaddi purchased 31,393 shares of AlTi Global stock. The stock was acquired at an average price of $4.05 per share, with a total value of $127,141.65.
• On Thursday, June 6th, Holdings Ilwaddi acquired 20,000 shares of AlTi Global stock. The shares were purchased at an average price of $4.72 per share, with a total value of $94,400.00.
• On Tuesday, June 4th, Holdings Ilwaddi acquired 20,000 shares of AlTi Global stock. The shares were purchased at an average price of $4.99 per share, with a total value of $99,800.00.

AlTi Global Stock Up 1.5 %

NASDAQ:ALTI traded up $0.06 on Thursday, reaching $3.97. 186,423 shares of the stock traded hands, compared to its average volume of 142,892. The company has a market capitalization of $476.43 million, a price-to-earnings ratio of -2.17 and a beta of 0.71. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.23. AlTi Global, Inc. has a 12 month low of $3.56 and a 12 month high of $9.22. The company's fifty day simple moving average is $4.69 and its 200 day simple moving average is $5.10.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in AlTi Global during the 2nd quarter valued at about $76,000. AlTi Global Inc. increased its stake in AlTi Global by 1.5% during the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company's stock valued at $4,023,000 after purchasing an additional 11,216 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in AlTi Global during the 2nd quarter valued at about $214,000. Rhumbline Advisers grew its stake in shares of AlTi Global by 109.2% in the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company's stock worth $195,000 after acquiring an additional 19,547 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of AlTi Global by 89.9% in the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company's stock worth $555,000 after acquiring an additional 50,379 shares during the period. 3.57% of the stock is currently owned by institutional investors.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.

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