AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Acquires $3,899,647.78 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc bought 387,254 shares of the business’s stock in a transaction on Monday, July 1st. The shares were acquired at an average price of $10.07 per share, with a total value of $3,899,647.78. Following the completion of the purchase, the insider now directly owns 5,517,946 shares of the company’s stock, valued at approximately $55,565,716.22. The trade was a 7.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiedemann Advisors, Llc also recently made the following trade(s):

• On Tuesday, October 1st, Tiedemann Advisors, Llc purchased 306,127 shares of AlTi Global stock. The shares were acquired at an average cost of $10.13 per share, with a total value of $3,101,066.51.

AlTi Global Stock Performance

NASDAQ:ALTI opened at $4.54 on Friday. AlTi Global, Inc. has a twelve month low of $3.47 and a twelve month high of $9.22. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $4.29 and its 200 day simple moving average is $4.39. The firm has a market capitalization of $634.81 million, a PE ratio of -2.59 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of AlTi Global by 213.4% during the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock valued at $9,021,000 after purchasing an additional 1,085,308 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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 valued at $555,000 after buying an additional 50,379 shares in the last quarter. Rhumbline Advisers grew its stake in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after buying an additional 19,547 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of AlTi Global during the third quarter worth $63,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of AlTi Global during the second quarter worth $76,000. Institutional investors own 3.57% of the company’s stock.

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.