AlTi Global (NASDAQ:ALTI) Shares Gap Down – Here’s What Happened

AlTi Global, Inc. (NASDAQ:ALTI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $4.14, but opened at $4.00. AlTi Global shares last traded at $4.10, with a volume of 8,591 shares trading hands.

AlTi Global Price Performance

The business’s 50 day moving average is $4.31 and its two-hundred day moving average is $4.24. The firm has a market capitalization of $579.60 million, a PE ratio of -2.37 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05.

Institutional Investors Weigh In On AlTi Global

A number of institutional investors and hedge funds have recently bought and sold shares of ALTI. Geode Capital Management LLC raised its stake in shares of AlTi Global by 41.9% during the third 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 in the last quarter. State Street Corp raised its stake in shares of AlTi Global by 5.6% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of AlTi Global by 58.3% during the third 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 in the last quarter. Barclays PLC raised its stake in shares of AlTi Global by 264.8% during the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 32,269 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after acquiring an additional 19,547 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

About AlTi Global

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.