Charles Schwab Investment Management Inc. Buys 159,357 Shares of AlTi Global, Inc. (NASDAQ:ALTI)

Charles Schwab Investment Management Inc. boosted its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 58.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 432,617 shares of the basic materials company’s stock after purchasing an additional 159,357 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.31% of AlTi Global worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AlTi Global Inc. grew its stake in shares of AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after buying an additional 11,216 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in AlTi Global in the second quarter worth about $76,000. SG Americas Securities LLC acquired a new stake in AlTi Global in the third quarter valued at approximately $63,000. Rhumbline Advisers increased its holdings in shares of AlTi Global by 109.2% during the second 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. Finally, CV Advisors LLC purchased a new stake in shares of AlTi Global during the third quarter valued at $85,000. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Price Performance

Shares of NASDAQ:ALTI opened at $4.33 on Tuesday. AlTi Global, Inc. has a twelve month low of $3.47 and a twelve month high of $9.22. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $605.45 million, a PE ratio of -2.47 and a beta of 0.72. The company’s 50 day moving average is $4.30 and its 200 day moving average is $4.37.

Insider Activity

In other news, major shareholder Tiedemann Advisors, Llc bought 306,127 shares of the stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average cost of $10.13 per share, with a total value of $3,101,066.51. Following the purchase, the insider now directly owns 6,485,038 shares in the company, valued at $65,693,434.94. The trade was a 4.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 22.14% of the company’s stock.

AlTi Global 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.