AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Acquires $3,899,647.78 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc acquired 387,254 shares of the stock in a transaction dated Monday, July 1st. The stock was purchased at an average cost of $10.07 per share, with a total value of $3,899,647.78. Following the purchase, the insider now directly owns 5,517,946 shares of the company’s stock, valued at $55,565,716.22. This trade represents a 7.55 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiedemann Advisors, Llc also recently made the following trade(s):

• On Tuesday, October 1st, Tiedemann Advisors, Llc bought 306,127 shares of AlTi Global stock. The shares were acquired at an average cost of $10.13 per share, for a total transaction of $3,101,066.51.

AlTi Global Price Performance

ALTI stock opened at $4.54 on Friday. The company has a market capitalization of $634.81 million, a P/E ratio of -2.59 and a beta of 0.72. The company has a fifty day moving average price of $4.29 and a 200-day moving average price of $4.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. AlTi Global, Inc. has a 52-week low of $3.47 and a 52-week high of $9.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position 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 buying an additional 1,085,308 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AlTi Global by 89.9% in the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 50,379 shares during the period. Rhumbline Advisers boosted its holdings in AlTi Global by 109.2% in the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 19,547 shares during the last quarter. SG Americas Securities LLC acquired a new stake in AlTi Global during the 3rd quarter valued at approximately $63,000. Finally, The Manufacturers Life Insurance Company bought a new position in AlTi Global during the 2nd quarter worth approximately $76,000. 3.57% of the stock is owned by institutional investors.

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.