Spiros Maliagros Sells 5,769 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI) insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $4.74, for a total transaction of $27,345.06. Following the completion of the transaction, the insider now directly owns 479,478 shares in the company, valued at approximately $2,272,725.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Spiros Maliagros also recently made the following trade(s):

• On Wednesday, May 29th, Spiros Maliagros sold 14,134 shares of AlTi Global stock. The shares were sold at an average price of $5.04, for a total value of $71,235.36.

AlTi Global Trading Down 0.8 %

Shares of ALTI opened at $4.76 on Friday. AlTi Global, Inc. has a 12 month low of $4.22 and a 12 month high of $9.22. The stock’s 50-day moving average is $4.79 and its two-hundred day moving average is $5.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.33 and a current ratio of 2.33.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Friday, May 10th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $50.81 million for the quarter, compared to analyst estimates of $61.50 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. On average, research analysts anticipate that AlTi Global, Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 worth $9,021,000 after buying an additional 1,085,308 shares during the period. Caprock Group LLC grew its stake in shares of AlTi Global by 11.3% during the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of AlTi Global by 9.4% during the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after acquiring an additional 4,800 shares during the last quarter. 3.57% of the stock is owned by institutional investors and hedge funds.

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.