AlTi Global (NASDAQ:ALTI) Trading Down 4.4%

AlTi Global, Inc. (NASDAQ:ALTI)’s share price was down 4.4% during trading on Friday . The company traded as low as $4.72 and last traded at $4.77. Approximately 24,751 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 125,222 shares. The stock had previously closed at $4.99.

Analyst Upgrades and Downgrades

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

AlTi Global Trading Down 4.8 %

The stock has a fifty day moving average of $5.57 and a 200 day moving average of $6.61. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

AlTi Global (NASDAQ:ALTI) last posted its quarterly earnings results on Friday, March 15th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The business had revenue of $91.71 million for the quarter, compared to the consensus estimate of $66.80 million. AlTi Global had a negative net margin of 67.99% and a positive return on equity of 7.77%. As a group, analysts forecast that AlTi Global, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at AlTi Global

In other news, Director Mark F. Furlong acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average price of $5.43 per share, for a total transaction of $135,750.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $135,750. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mark F. Furlong acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average price of $5.43 per share, for a total transaction of $135,750.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $135,750. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Cayman Holdings Ilwaddi acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average price of $5.15 per share, with a total value of $103,000.00. Following the transaction, the insider now owns 17,913,265 shares of the company’s stock, valued at $92,253,314.75. The disclosure for this purchase can be found here. Insiders own 27.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AlTi Global stock. Mesirow Financial Investment Management Inc. increased its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 78.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,666 shares of the basic materials company’s stock after acquiring an additional 15,642 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in AlTi Global were worth $248,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.57% of the company’s stock.

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.