AlTi Global (NASDAQ:ALTI) Trading Down 5.4% – Here’s What Happened

AlTi Global, Inc. (NASDAQ:ALTI)’s stock price traded down 5.4% during trading on Tuesday . The stock traded as low as $4.57 and last traded at $4.57. 7,538 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 151,199 shares. The stock had previously closed at $4.83.

AlTi Global Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The company’s 50-day moving average price is $4.12 and its two-hundred day moving average price is $4.38.

Insider Buying and Selling at AlTi Global

In related news, insider Spiros Maliagros sold 5,769 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the transaction, the insider now owns 405,167 shares of the company’s stock, valued at $1,811,096.49. The trade was a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 12,897 shares of company stock valued at $54,524 in the last ninety days. 22.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AlTi Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALTI. Vanguard Group Inc. increased its position in AlTi Global by 213.4% during the 1st 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 during the period. Bank of New York Mellon Corp raised its stake 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 worth $555,000 after buying an additional 50,379 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 during the period. SG Americas Securities LLC acquired a new position in shares of AlTi Global in the 3rd quarter valued at about $63,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of AlTi Global during the 2nd quarter worth approximately $76,000. 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.