AlTi Global (NASDAQ:ALTI - Get Free Report) announced its earnings results on Monday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10), Zacks reports. The business had revenue of $57.96 million for the quarter, compared to analysts' expectations of $56.00 million. AlTi Global had a positive return on equity of 2.31% and a negative net margin of 41.51%.
AlTi Global Stock Down 1.4%
ALTI stock traded down $0.05 during midday trading on Friday, hitting $3.44. 132,492 shares of the company's stock were exchanged, compared to its average volume of 143,069. The firm has a 50 day moving average price of $3.12 and a 200-day moving average price of $3.76. AlTi Global has a 12-month low of $2.33 and a 12-month high of $5.45. The stock has a market capitalization of $489.30 million, a price-to-earnings ratio of -1.97 and a beta of 0.75. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On AlTi Global
An institutional investor recently raised its position in AlTi Global stock. Invesco Ltd. boosted its stake in AlTi Global, Inc. (NASDAQ:ALTI - Free Report) by 262.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,900 shares of the basic materials company's stock after acquiring an additional 27,455 shares during the period. Invesco Ltd.'s holdings in AlTi Global were worth $115,000 at the end of the most recent reporting period. Institutional investors own 3.57% of the company's stock.
AlTi Global Company Profile
(
Get Free Report)
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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