AlTi Global (NASDAQ:ALTI) Shares Up 4.2% – Here’s What Happened

AlTi Global, Inc. (NASDAQ:ALTI) shares traded up 4.2% during trading on Tuesday . The company traded as high as $4.52 and last traded at $4.51. 32,447 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 148,848 shares. The stock had previously closed at $4.33.

AlTi Global Stock Performance

The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $584.47 million, a PE ratio of -2.39 and a beta of 0.72. The business has a fifty day moving average price of $4.33 and a two-hundred day moving average price of $4.37.

Insiders Place Their Bets

In other AlTi Global news, major shareholder Tiedemann Advisors, Llc purchased 306,127 shares of AlTi Global stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average price of $10.13 per share, for a total transaction of $3,101,066.51. Following the transaction, the insider now directly owns 6,485,038 shares in the company, valued at $65,693,434.94. This trade represents a 4.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of AlTi Global in the 3rd quarter worth $63,000. The Manufacturers Life Insurance Company acquired a new position in AlTi Global during the second quarter worth $76,000. MetLife Investment Management LLC boosted its position in shares of AlTi Global by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after buying an additional 11,834 shares in the last quarter. CV Advisors LLC acquired a new stake in shares of AlTi Global in the third quarter valued at approximately $85,000. Finally, Barclays PLC grew its holdings in AlTi Global by 264.8% during the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock valued at $167,000 after buying an additional 32,269 shares during the last quarter. Institutional investors and hedge funds 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.