AlTi Global (NASDAQ:ALTI) Sees Strong Trading Volume

Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) saw strong trading volume on Tuesday . 47,855 shares were traded during trading, a decline of 66% from the previous session's volume of 142,159 shares.The stock last traded at $4.54 and had previously closed at $4.36.

AlTi Global Trading Up 1.8 %

The business has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $4.80. The stock has a market cap of $532.84 million, a price-to-earnings ratio of -2.43 and a beta of 0.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.57 and a quick ratio of 1.57.

AlTi Global (NASDAQ:ALTI - Get Free Report) last posted its earnings results on Friday, August 9th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. The firm had revenue of $49.45 million during the quarter, compared to analyst estimates of $51.80 million. Equities analysts forecast that AlTi Global, Inc. will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Kevin P. Moran sold 137,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 27,637 shares in the company, valued at $110,548. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 27,637 shares in the company, valued at approximately $110,548. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Spiros Maliagros sold 5,769 shares of the firm's stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $4.49, for a total value of $25,902.81. Following the completion of the sale, the insider now owns 473,709 shares of the company's stock, valued at $2,126,953.41. The disclosure for this sale can be found here. Over the last three months, insiders acquired 68,597 shares of company stock worth $269,227 and sold 180,668 shares worth $740,456. Corporate insiders own 22.14% of the company's stock.

Hedge Funds Weigh In On AlTi Global

Several hedge funds have recently modified their holdings of ALTI. The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global during the 2nd quarter valued at $76,000. Rhumbline Advisers grew its position in shares of AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company's stock valued at $195,000 after purchasing an additional 19,547 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in shares of AlTi Global during the 2nd quarter worth $214,000. Caprock Group LLC lifted its holdings in shares of AlTi Global by 11.3% during the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company's stock worth $220,000 after acquiring an additional 3,950 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company's stock worth $489,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 3.57% of the company's stock.

About AlTi Global

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.