AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 836,400 shares, a decrease of 11.6% from the August 15th total of 945,900 shares. Based on an average daily volume of 168,600 shares, the short-interest ratio is presently 5.0 days. Approximately 4.9% of the company’s shares are short sold.
AlTi Global Stock Up 1.8 %
Shares of ALTI opened at $4.44 on Wednesday. The firm has a market capitalization of $532.84 million, a P/E ratio of -2.43 and a beta of 0.68. AlTi Global has a 12-month low of $3.54 and a 12-month high of $9.22. The firm has a fifty day moving average price of $4.31 and a 200-day moving average price of $4.80. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21.
AlTi Global (NASDAQ:ALTI – Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $49.45 million for the quarter, compared to analysts’ expectations of $51.80 million. AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. Equities research analysts expect that AlTi Global will post -0.02 earnings per share for the current year.
Insider Activity at AlTi Global
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caprock Group LLC boosted its position in AlTi Global by 11.3% during 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 in the last quarter. Swiss National Bank lifted its position in shares of AlTi Global by 9.4% during the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after buying an additional 4,800 shares during the last quarter. AlTi Global Inc. boosted its holdings in shares of AlTi Global by 1.5% in the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after buying an additional 11,216 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global in the 2nd quarter worth approximately $76,000. Finally, Rhumbline Advisers grew its position in shares of AlTi Global by 109.2% in the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after buying an additional 19,547 shares during the last quarter. 3.57% of the stock is currently 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.
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