AlTi Global (NASDAQ:ALTI) Sees Large Volume Increase – Here’s Why

AlTi Global, Inc. (NASDAQ:ALTI) saw strong trading volume on Wednesday . Approximately 388,182 shares traded hands during trading, an increase of 116% from the previous session’s volume of 179,778 shares.The stock last traded at $3.8060 and had previously closed at $4.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AlTi Global in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

AlTi Global Stock Down 4.6%

The business’s fifty day simple moving average is $3.36 and its two-hundred day simple moving average is $3.90. The company has a market cap of $579.79 million, a PE ratio of -2.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently made changes to their positions in ALTI. Yorkville Advisors Global LP lifted its position in shares of AlTi Global by 19.1% during the 1st quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock valued at $2,798,000 after buying an additional 123,801 shares in the last quarter. Dimensional Fund Advisors LP raised its position in AlTi Global by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 30,878 shares during the period. Simon Quick Advisors LLC acquired a new position in AlTi Global during the first quarter worth $94,000. XTX Topco Ltd purchased a new position in AlTi Global during the fourth quarter valued at $63,000. Finally, AQR Capital Management LLC grew its position in shares of AlTi Global by 8.2% in the fourth quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 2,824 shares during the period. 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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.