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

AlTi Global, Inc. (NASDAQ:ALTI) insider Spiros Maliagros sold 5,769 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the sale, the insider now owns 405,167 shares in the company, valued at $1,811,096.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 9th, Spiros Maliagros sold 5,612 shares of AlTi Global stock. The shares were sold at an average price of $4.04, for a total value of $22,672.48.
• On Tuesday, August 27th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The stock was sold at an average price of $4.25, for a total transaction of $24,518.25.
• On Tuesday, August 20th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The shares were sold at an average price of $4.04, for a total transaction of $23,306.76.
• On Friday, August 16th, Spiros Maliagros sold 2,464 shares of AlTi Global stock. The stock was sold at an average price of $4.07, for a total transaction of $10,028.48.
• On Tuesday, August 13th, Spiros Maliagros sold 468 shares of AlTi Global stock. The shares were sold at an average price of $4.00, for a total transaction of $1,872.00.
• On Friday, August 9th, Spiros Maliagros sold 200 shares of AlTi Global stock. The stock was sold at an average price of $4.00, for a total value of $800.00.
• On Tuesday, August 6th, Spiros Maliagros sold 2,000 shares of AlTi Global stock. The shares were sold at an average price of $4.03, for a total value of $8,060.00.
• On Thursday, July 25th, Spiros Maliagros sold 1,800 shares of AlTi Global stock. The shares were sold at an average price of $5.01, for a total value of $9,018.00.
• On Tuesday, July 23rd, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The stock was sold at an average price of $4.86, for a total value of $28,037.34.
• On Monday, July 15th, Spiros Maliagros sold 1,779 shares of AlTi Global stock. The shares were sold at an average price of $5.00, for a total value of $8,895.00.

AlTi Global Stock Up 3.2 %

Shares of NASDAQ:ALTI opened at $4.45 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.21. The firm has a market cap of $534.04 million, a P/E ratio of -2.43 and a beta of 0.68. AlTi Global, Inc. has a 12 month low of $3.54 and a 12 month high of $9.22. The company’s 50-day moving average price is $4.30 and its two-hundred day moving average price is $4.79.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Friday, August 9th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $49.45 million for the quarter, compared to the consensus estimate of $51.80 million. AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. As a group, research analysts forecast that AlTi Global, Inc. will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of AlTi Global by 213.4% during the first quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after acquiring an additional 1,085,308 shares during the last quarter. Bank of New York Mellon Corp increased its position in AlTi Global by 89.9% in 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 purchasing an additional 50,379 shares during the period. Simon Quick Advisors LLC bought a new stake in AlTi Global during the 2nd quarter worth about $214,000. Rhumbline Advisers lifted its position in AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 19,547 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of AlTi Global in the 2nd quarter valued at about $76,000. 3.57% of the stock is currently owned by institutional investors.

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.