AlTi Global, Inc. (NASDAQ:ALTI) Insider Colleen A. Graham Sells 22,934 Shares

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) insider Colleen A. Graham sold 22,934 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total value of $79,580.98. Following the sale, the insider now directly owns 41,960 shares of the company's stock, valued at $145,601.20. This represents a 35.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AlTi Global Trading Down 0.3%

NASDAQ ALTI traded down $0.01 on Friday, reaching $3.64. The company had a trading volume of 235,928 shares, compared to its average volume of 145,903. The firm has a market cap of $517.75 million, a price-to-earnings ratio of -2.08 and a beta of 0.72. AlTi Global, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $5.45. The business has a 50 day moving average of $3.25 and a two-hundred day moving average of $3.65. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05.

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

Institutional Investors Weigh In On AlTi Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in AlTi Global by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 81,965 shares of the basic materials company's stock worth $361,000 after buying an additional 4,411 shares during the period. Wells Fargo & Company MN increased its position in shares of AlTi Global by 30.8% in the fourth quarter. Wells Fargo & Company MN now owns 20,245 shares of the basic materials company's stock valued at $89,000 after acquiring an additional 4,764 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of AlTi Global in the fourth quarter valued at about $25,000. Barclays PLC boosted its stake in shares of AlTi Global by 16.7% during the 4th quarter. Barclays PLC now owns 51,874 shares of the basic materials company's stock valued at $229,000 after purchasing an additional 7,417 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in AlTi Global by 2.5% during the fourth quarter. Northern Trust Corp now owns 336,209 shares of the basic materials company's stock worth $1,483,000 after acquiring an additional 8,113 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded AlTi Global from a "strong sell" rating to a "hold" rating in a research note 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.