AlTi Global, Inc. (NASDAQ:ALTI) CEO Michael Tiedemann Sells 42,199 Shares

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) CEO Michael Tiedemann sold 42,199 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total transaction of $146,430.53. Following the completion of the sale, the chief executive officer now directly owns 541,143 shares in the company, valued at approximately $1,877,766.21. This trade represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AlTi Global Stock Down 0.3%

NASDAQ:ALTI traded down $0.01 during mid-day trading on Friday, hitting $3.64. The stock had a trading volume of 235,928 shares, compared to its average volume of 145,548. The stock has a 50-day simple moving average of $3.24 and a two-hundred day simple moving average of $3.66. The company has a market capitalization of $517.75 million, a PE ratio of -2.08 and a beta of 0.72. AlTi Global, Inc. has a twelve month low of $2.33 and a twelve month high of $5.45. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17.

AlTi Global (NASDAQ:ALTI - Get Free Report) last issued its earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.65). AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. The firm had revenue of $53.33 million during the quarter, compared to analyst estimates of $74.60 million. During the same period last year, the business earned ($0.88) EPS. On average, equities research analysts anticipate that AlTi Global, Inc. will post -0.14 EPS for the current year.

Institutional Trading of AlTi Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALTI. Bank of New York Mellon Corp raised its holdings in AlTi Global by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 81,965 shares of the basic materials company's stock worth $361,000 after purchasing an additional 4,411 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AlTi Global by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company's stock worth $2,061,000 after purchasing an additional 34,798 shares in the last quarter. Granite FO LLC raised its holdings in AlTi Global by 216.6% during the fourth quarter. Granite FO LLC now owns 15,830 shares of the basic materials company's stock worth $70,000 after purchasing an additional 10,830 shares in the last quarter. Intech Investment Management LLC acquired a new stake in AlTi Global during the fourth quarter worth approximately $46,000. Finally, JPMorgan Chase & Co. raised its holdings in AlTi Global by 198.8% during the fourth quarter. JPMorgan Chase & Co. now owns 80,939 shares of the basic materials company's stock worth $357,000 after purchasing an additional 53,847 shares in the last quarter. Institutional investors and hedge funds own 3.57% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of AlTi Global from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.