AlTi Global (NASDAQ:ALTI) Sets New 1-Year Low at $4.03

AlTi Global, Inc. (NASDAQ:ALTI) shares reached a new 52-week low during trading on Monday . The stock traded as low as $4.03 and last traded at $4.28, with a volume of 44871 shares changing hands. The stock had previously closed at $4.38.

AlTi Global Price Performance

The firm’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $5.23. The firm has a market cap of $498.03 million, a P/E ratio of -2.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.33 and a current ratio of 2.33.

AlTi Global (NASDAQ:ALTI) last issued its earnings results on Friday, May 10th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $50.81 million for the quarter, compared to analysts’ expectations of $61.50 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. As a group, analysts forecast that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

Insider Buying and Selling at AlTi Global

In other news, insider Timothy F. Keaney bought 16,417 shares of the stock in a transaction on Thursday, May 16th. The stock was bought at an average cost of $4.60 per share, for a total transaction of $75,518.20. Following the completion of the purchase, the insider now directly owns 97,321 shares in the company, valued at $447,676.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other AlTi Global news, insider Timothy F. Keaney bought 16,417 shares of AlTi Global stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average price of $4.60 per share, with a total value of $75,518.20. Following the completion of the acquisition, the insider now directly owns 97,321 shares in the company, valued at approximately $447,676.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Tiedemann acquired 40,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $4.54 per share, with a total value of $181,600.00. Following the acquisition, the chief executive officer now directly owns 409,146 shares of the company’s stock, valued at approximately $1,857,522.84. The disclosure for this purchase can be found here. Over the last three months, insiders bought 223,790 shares of company stock worth $1,051,551 and sold 35,611 shares worth $173,211. 22.14% of the stock is owned by insiders.

Institutional Investors Weigh In On AlTi Global

A number of large investors have recently modified their holdings of the company. Rhumbline Advisers raised its position 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 valued at $195,000 after buying an additional 19,547 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of AlTi Global in the second quarter valued at approximately $214,000. Caprock Group LLC raised its position in shares of AlTi Global by 11.3% in the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after buying an additional 3,950 shares during the last quarter. Swiss National Bank raised its position in shares of AlTi Global by 9.4% in the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after buying an additional 4,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position 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 valued at $555,000 after buying an additional 50,379 shares during the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

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.