AlTi Global, Inc. (NASDAQ:ALTI) CEO Purchases $279,600.00 in Stock

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report) CEO Michael Tiedemann bought 60,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was bought at an average price of $4.66 per share, for a total transaction of $279,600.00. Following the completion of the purchase, the chief executive officer now owns 369,146 shares of the company’s stock, valued at $1,720,220.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Tiedemann also recently made the following trade(s):

  • On Monday, May 20th, Michael Tiedemann bought 40,000 shares of AlTi Global stock. The stock was purchased at an average price of $4.54 per share, for a total transaction of $181,600.00.

AlTi Global Trading Up 8.2 %

NASDAQ:ALTI opened at $4.77 on Thursday. AlTi Global, Inc. has a 1 year low of $4.07 and a 1 year high of $9.22. The stock’s fifty day moving average price is $5.01 and its two-hundred day moving average price is $6.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market cap of $572.45 million, a P/E ratio of -2.61 and a beta of 0.69.

AlTi Global (NASDAQ:ALTIGet Free Report) last released its quarterly earnings data on Friday, March 15th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. The company had revenue of $91.71 million for the quarter, compared to the consensus estimate of $66.80 million. As a group, analysts expect that AlTi Global, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded shares of AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research note on Thursday, January 25th.

View Our Latest Stock Report on ALTI

Institutional Investors Weigh In On AlTi Global

Institutional investors and hedge funds have recently modified their holdings of the company. Caprock Group LLC increased its holdings in AlTi Global by 11.3% during the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 3,950 shares during the period. Swiss National Bank increased its holdings in shares of AlTi Global by 9.4% in the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after purchasing an additional 4,800 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in shares of AlTi Global by 78.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 35,666 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 15,642 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of AlTi Global by 213.4% in the first quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after buying an additional 1,085,308 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

About AlTi Global

(Get Free Report)

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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