AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) insider Brooke Connell sold 21,462 shares of AlTi Global stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.47, for a total value of $74,473.14. Following the completion of the transaction, the insider now owns 216,389 shares in the company, valued at approximately $750,869.83. The trade was a 9.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
AlTi Global Price Performance
Shares of ALTI traded down $0.01 during midday trading on Friday, hitting $3.64. The company's stock had a trading volume of 235,928 shares, compared to its average volume of 145,548. AlTi Global, Inc. has a one year low of $2.33 and a one year high of $5.45. The company's fifty day simple moving average is $3.24 and its two-hundred day simple moving average is $3.66. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $517.75 million, a price-to-earnings ratio of -2.08 and a beta of 0.72.
AlTi Global (NASDAQ:ALTI - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share 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 firm had revenue of $53.33 million for the quarter, compared to the consensus estimate of $74.60 million. During the same quarter in the prior year, the firm earned ($0.88) EPS. As a group, equities analysts expect that AlTi Global, Inc. will post -0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On AlTi Global
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in AlTi Global in the 4th quarter worth about $25,000. AQR Capital Management LLC acquired a new position in AlTi Global in the 1st quarter worth about $42,000. Dimensional Fund Advisors LP acquired a new position in AlTi Global in the 4th quarter worth about $44,000. Invesco Ltd. acquired a new position in AlTi Global in the 4th quarter worth about $46,000. Finally, Intech Investment Management LLC acquired a new position in AlTi Global in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 3.57% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded AlTi Global from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Research Report on ALTI
About AlTi Global
(
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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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