AlTi Global (NASDAQ:ALTI) Stock Price Down 4.2% – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI) traded down 4.2% during mid-day trading on Tuesday . The company traded as low as $4.12 and last traded at $4.12. 26,467 shares traded hands during trading, a decline of 83% from the average session volume of 151,271 shares. The stock had previously closed at $4.30.

AlTi Global Stock Performance

The firm’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $4.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05.

Insider Buying and Selling at AlTi Global

In related news, insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total transaction of $25,787.43. Following the completion of the sale, the insider now directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This trade represents a 1.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 18,666 shares of company stock worth $79,042 over the last ninety days. 22.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AlTi Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in AlTi Global by 213.4% in the first 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of AlTi Global by 41.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock worth $4,041,000 after acquiring an additional 318,860 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in AlTi Global by 58.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after acquiring an additional 159,357 shares during the last quarter. Bank of New York Mellon Corp raised its position in AlTi Global by 89.9% during 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 purchasing an additional 50,379 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in AlTi Global during the second quarter worth $214,000. 3.57% of the stock is currently owned by institutional investors and hedge funds.

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.