Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Increases By 6.6%

AlTi Global, Inc. (NASDAQ:ALTI) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 891,300 shares, an increase of 6.6% from the August 31st total of 836,400 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 201,600 shares, the days-to-cover ratio is presently 4.4 days.

Insider Activity

In related news, insider Spiros Maliagros sold 5,769 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $4.74, for a total value of $27,345.06. Following the completion of the sale, the insider now owns 479,478 shares of the company’s stock, valued at $2,272,725.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Spiros Maliagros sold 5,769 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $4.74, for a total value of $27,345.06. Following the completion of the sale, the insider now owns 479,478 shares of the company’s stock, valued at $2,272,725.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings Ilwaddi purchased 31,393 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $4.05 per share, for a total transaction of $127,141.65. Following the completion of the transaction, the insider now owns 18,094,972 shares of the company’s stock, valued at approximately $73,284,636.60. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 68,597 shares of company stock valued at $269,227 and sold 186,437 shares valued at $766,244. Corporate insiders own 22.14% of the company’s stock.

Hedge Funds Weigh In On AlTi Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caprock Group LLC grew its stake in AlTi Global by 11.3% during the 1st 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. Swiss National Bank grew its stake in AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after acquiring an additional 4,800 shares in the last quarter. AlTi Global Inc. grew its stake in AlTi Global by 1.5% during the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after acquiring an additional 11,216 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in AlTi Global during the 2nd quarter valued at about $76,000. Finally, Rhumbline Advisers grew its stake 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 acquiring an additional 19,547 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Price Performance

Shares of AlTi Global stock opened at $3.80 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $4.18 and its two-hundred day moving average price is $4.67. AlTi Global has a 52 week low of $3.54 and a 52 week high of $9.22. The stock has a market cap of $456.03 million, a PE ratio of -2.08 and a beta of 0.68.

AlTi Global (NASDAQ:ALTI) last posted its quarterly earnings data on Friday, August 9th. The basic materials company reported ($0.09) earnings per share (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 analyst estimates of $51.80 million. AlTi Global had a positive return on equity of 7.36% and a negative net margin of 50.54%. As a group, sell-side analysts anticipate that AlTi Global will post -0.02 EPS for the current fiscal year.

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.