Insider Buying: AlTi Global, Inc. (NASDAQ:ALTI) Insider Acquires $75,518.20 in Stock

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report) insider Timothy F. Keaney bought 16,417 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was bought at an average cost of $4.60 per share, for a total transaction of $75,518.20. Following the acquisition, the insider now owns 97,321 shares of the company’s stock, valued at approximately $447,676.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

AlTi Global Stock Down 2.6 %

Shares of AlTi Global stock opened at $4.43 on Friday. AlTi Global, Inc. has a 52-week low of $4.07 and a 52-week high of $9.22. The company’s 50-day simple moving average is $5.11 and its 200-day simple moving average is $6.39. The company has a current ratio of 2.33, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.

AlTi Global (NASDAQ:ALTIGet Free Report) last released its earnings results on Friday, March 15th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $91.71 million for the quarter, compared to analyst estimates of $66.80 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. Analysts predict that AlTi Global, Inc. will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALTI. Vanguard Group Inc. grew its stake in shares of AlTi Global by 213.4% during the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after purchasing an additional 1,085,308 shares during the period. Swiss National Bank boosted its holdings in AlTi Global by 9.4% during the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after buying an additional 4,800 shares in the last quarter. Caprock Group LLC boosted its holdings in AlTi Global by 11.3% during the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after buying an additional 3,950 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its position in AlTi Global by 78.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 35,666 shares of the basic materials company’s stock worth $248,000 after buying an additional 15,642 shares during the period. Hedge funds and other institutional investors own 3.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded shares of AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 price objective on the stock in a research report on Thursday, January 25th.

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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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