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

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Holdings Ilwaddi bought 27,515 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $3.79 per share, for a total transaction of $104,281.85. Following the transaction, the insider now directly owns 18,012,099 shares in the company, valued at $68,265,855.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

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

AlTi Global Price Performance

NASDAQ:ALTI opened at $4.10 on Friday. The firm has a market cap of $492.03 million, a P/E ratio of -2.24 and a beta of 0.71. The stock has a 50 day moving average of $4.67 and a two-hundred day moving average of $5.07. AlTi Global, Inc. has a 12 month low of $3.56 and a 12 month high of $9.22. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.23.

Institutional Trading of AlTi Global

Large investors have recently made changes to their positions in the company. Caprock Group LLC lifted its holdings in AlTi Global by 11.3% in the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 3,950 shares in the last quarter. Swiss National Bank lifted its stake 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 worth $489,000 after buying an additional 4,800 shares in the last quarter. AlTi Global Inc. boosted its position in AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after acquiring an additional 11,216 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in AlTi Global during the 2nd quarter valued at about $76,000. Finally, Rhumbline Advisers raised its holdings in AlTi Global by 109.2% in the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 19,547 shares during the last quarter. 3.57% of the stock is currently owned by hedge funds and other 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.