Insider Buying: AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Purchases 306,127 Shares of Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc bought 306,127 shares of AlTi Global stock in a transaction that occurred on Tuesday, October 1st. The shares were acquired at an average price of $10.13 per share, with a total value of $3,101,066.51. Following the completion of the transaction, the insider now owns 6,485,038 shares of the company’s stock, valued at $65,693,434.94. This represents a 4.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AlTi Global Trading Up 0.2 %

Shares of ALTI stock opened at $4.52 on Friday. 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 business has a 50-day moving average price of $4.25 and a two-hundred day moving average price of $4.39. AlTi Global, Inc. has a 12-month low of $3.47 and a 12-month high of $9.22. The firm has a market cap of $632.01 million, a P/E ratio of -2.58 and a beta of 0.72.

Institutional Investors Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of AlTi Global by 213.4% in 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. Geode Capital Management LLC grew its holdings in shares of AlTi Global by 41.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock worth $4,041,000 after acquiring an additional 318,860 shares during the period. AlTi Global Inc. grew its holdings in shares of AlTi Global by 1.5% during the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after acquiring an additional 11,216 shares during the period. State Street Corp grew its holdings in shares of AlTi Global by 5.6% during the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock worth $2,020,000 after acquiring an additional 28,689 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after acquiring an additional 159,357 shares during the period. 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.