AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) shares traded up 2.8% on Thursday . The company traded as high as $3.98 and last traded at $3.98. 731 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 145,544 shares. The stock had previously closed at $3.87.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded AlTi Global from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
View Our Latest Research Report on AlTi Global
AlTi Global Trading Down 0.3%
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 firm's 50-day simple moving average is $3.35 and its 200 day simple moving average is $3.64. The stock has a market capitalization of $557.58 million, a P/E ratio of -2.24 and a beta of 0.72.
AlTi Global (NASDAQ:ALTI - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $53.33 million during the quarter, compared to analyst estimates of $74.60 million. During the same quarter last year, the firm posted ($0.88) EPS. Equities research analysts anticipate that AlTi Global, Inc. will post -0.14 EPS for the current fiscal year.
Insider Buying and Selling at AlTi Global
In other news, CEO Michael Tiedemann sold 42,199 shares of AlTi Global stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total transaction of $146,430.53. Following the transaction, the chief executive officer now owns 541,143 shares in the company, valued at approximately $1,877,766.21. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brooke Connell sold 21,462 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $3.47, for a total value of $74,473.14. Following the sale, the insider now owns 216,389 shares of the company's stock, valued at $750,869.83. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,104 shares of company stock valued at $399,411. 10.49% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new stake in shares of AlTi Global during the 1st quarter valued at $42,000. Flputnam Investment Management Co. acquired a new stake in AlTi Global in the 1st quarter worth approximately $76,000. Nuveen LLC bought a new stake in shares of AlTi Global during the 1st quarter worth $158,000. Invesco Ltd. grew its position in shares of AlTi Global by 262.9% in the first quarter. Invesco Ltd. now owns 37,900 shares of the basic materials company's stock valued at $115,000 after purchasing an additional 27,455 shares during the last quarter. Finally, BOKF NA acquired a new stake in AlTi Global in the 4th quarter valued at approximately $2,407,000. Institutional investors and hedge funds 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.
Further Reading
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