AlTi Global, Inc. (NASDAQ:ALTI) Sees Large Decline in Short Interest

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,060,000 shares, a decline of 15.2% from the October 15th total of 1,250,000 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 173,100 shares, the short-interest ratio is presently 6.1 days.

AlTi Global Stock Performance

ALTI stock opened at $4.39 on Friday. AlTi Global has a 1 year low of $3.47 and a 1 year high of $9.22. The stock has a market capitalization of $613.84 million, a price-to-earnings ratio of -2.51 and a beta of 0.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 4.05. The stock’s fifty day moving average is $4.09 and its two-hundred day moving average is $4.41.

Insider Buying and Selling at AlTi Global

In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction that occurred on 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 directly owns 405,167 shares in the company, valued at $1,811,096.49. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin P. Moran sold 137,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total value of $550,000.00. Following the sale, the chief operating officer now owns 27,637 shares in the company, valued at $110,548. The trade was a 83.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 161,935 shares of company stock worth $652,349 over the last 90 days. Insiders own 22.14% of the company’s stock.

Institutional Trading of AlTi Global

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in AlTi Global in the 3rd quarter worth about $63,000. The Manufacturers Life Insurance Company acquired a new position in shares of AlTi Global during the second quarter worth approximately $76,000. MetLife Investment Management LLC grew its holdings in AlTi Global by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after buying an additional 11,834 shares in the last quarter. CV Advisors LLC acquired a new stake in AlTi Global in the 3rd quarter valued at approximately $85,000. Finally, Barclays PLC raised its stake in AlTi Global by 264.8% during the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 32,269 shares in the last quarter. Institutional investors and hedge funds 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.