AlTi Global, Inc. (NASDAQ:ALTI) Insider Sells $27,345.06 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $4.74, for a total value of $27,345.06. Following the transaction, the insider now directly owns 479,478 shares in the company, valued at approximately $2,272,725.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Spiros Maliagros also recently made the following trade(s):

• On Wednesday, May 29th, Spiros Maliagros sold 14,134 shares of AlTi Global stock. The shares were sold at an average price of $5.04, for a total value of $71,235.36.

AlTi Global Stock Down 0.8 %

Shares of AlTi Global stock opened at $4.76 on Thursday. The firm’s fifty day simple moving average is $4.80 and its 200-day simple moving average is $5.72. AlTi Global, Inc. has a 12 month low of $4.22 and a 12 month high of $9.22. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.23.

AlTi Global (NASDAQ:ALTI) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $50.81 million for the quarter, compared to analysts’ expectations of $61.50 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. As a group, analysts anticipate that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in 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 valued at $9,021,000 after acquiring an additional 1,085,308 shares during the last quarter. Swiss National Bank grew its stake in shares of AlTi Global by 9.4% in the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in shares of AlTi Global by 11.3% in the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 3,950 shares during the period. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Company Profile

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.