Shares of AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) traded down 6% during trading on Monday . The stock traded as low as $4.21 and last traded at $4.22. 71,853 shares were traded during trading, a decline of 53% from the average session volume of 151,939 shares. The stock had previously closed at $4.49.
AlTi Global Stock Down 10.7 %
The business’s 50 day simple moving average is $4.29 and its 200 day simple moving average is $4.76. 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 firm has a market capitalization of $481.23 million, a PE ratio of -2.31 and a beta of 0.68.
AlTi Global (NASDAQ:ALTI – Get Free Report) 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 during 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%. On average, equities research analysts forecast that AlTi Global, Inc. will post -0.02 earnings per share for the current year.
Insider Buying and Selling at AlTi Global
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new stake in AlTi Global in the 2nd quarter valued at about $76,000. Rhumbline Advisers grew 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 purchasing an additional 19,547 shares in the last quarter. Caprock Group LLC increased its holdings 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 worth $220,000 after purchasing an additional 3,950 shares during the period. Simon Quick Advisors LLC bought a new stake in AlTi Global during the 2nd quarter valued at $214,000. Finally, Swiss National Bank lifted its holdings in shares of AlTi Global by 9.4% in the 4th 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 during the period. Hedge funds and other institutional investors 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.
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