Insider Buying: AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Acquires 3,835 Shares of Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Holdings Ilwaddi bought 3,835 shares of AlTi Global stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of $3.95 per share, for a total transaction of $15,148.25. Following the purchase, the insider now directly owns 18,098,807 shares in the company, valued at approximately $71,490,287.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, August 15th, Holdings Ilwaddi bought 31,393 shares of AlTi Global stock. The stock was acquired at an average cost of $4.05 per share, for a total transaction of $127,141.65.
• On Tuesday, August 13th, Holdings Ilwaddi bought 27,515 shares of AlTi Global stock. The stock was acquired at an average cost of $3.79 per share, for a total transaction of $104,281.85.
• On Thursday, June 6th, Holdings Ilwaddi bought 20,000 shares of AlTi Global stock. The stock was acquired at an average cost of $4.72 per share, for a total transaction of $94,400.00.
• On Tuesday, June 4th, Holdings Ilwaddi bought 20,000 shares of AlTi Global stock. The stock was acquired at an average cost of $4.99 per share, for a total transaction of $99,800.00.

AlTi Global Trading Up 9.1 %

AlTi Global stock traded up $0.38 during midday trading on Friday, hitting $4.54. 67,660 shares of the stock were exchanged, compared to its average volume of 141,708. The company has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $5.02. AlTi Global, Inc. has a 52 week low of $3.56 and a 52 week high of $9.22. The stock has a market capitalization of $544.84 million, a PE ratio of -2.40 and a beta of 0.71. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new position in AlTi Global in the second quarter valued at approximately $76,000. Rhumbline Advisers lifted its stake in 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 in the last quarter. Simon Quick Advisors LLC bought a new position in AlTi Global in the second quarter valued at approximately $214,000. Caprock Group LLC lifted its stake in 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 in the last quarter. Finally, Swiss National Bank lifted its stake in 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 in the last quarter. Institutional investors 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.