AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 47,855 shares changed hands during trading, a decline of 66% from the previous session’s volume of 142,159 shares.The stock last traded at $4.54 and had previously closed at $4.36.
AlTi Global Trading Down 2.9 %
The firm’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.80. 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 capitalization of $517.23 million, a PE ratio of -2.36 and a beta of 0.68.
AlTi Global (NASDAQ:ALTI – Get Free Report) last posted its quarterly earnings results 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). AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. The business had revenue of $49.45 million for the quarter, compared to analysts’ expectations of $51.80 million. Equities analysts expect that AlTi Global, Inc. will post -0.02 earnings per share for the current year.
Insider Buying and Selling at AlTi Global
Hedge Funds Weigh In On AlTi Global
Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of AlTi Global during the second quarter valued at about $76,000. Rhumbline Advisers raised its stake in AlTi Global by 109.2% in the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after buying an additional 19,547 shares in the last quarter. Simon Quick Advisors LLC bought a new position in AlTi Global in the second quarter worth about $214,000. Caprock Group LLC raised its stake in AlTi Global by 11.3% in the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after buying an additional 3,950 shares in the last quarter. Finally, Swiss National Bank raised its stake in AlTi Global by 9.4% in the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after buying an additional 4,800 shares in the last quarter. 3.57% of the stock is 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.
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