AlTi Global, Inc. (NASDAQ:ALTI) Insider Spiros Maliagros Sells 14,134 Shares

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report) insider Spiros Maliagros sold 14,134 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $5.04, for a total transaction of $71,235.36. Following the sale, the insider now directly owns 485,247 shares of the company’s stock, valued at approximately $2,445,644.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AlTi Global Stock Down 3.6 %

Shares of NASDAQ ALTI opened at $4.77 on Friday. 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’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $6.21. AlTi Global, Inc. has a 12-month low of $4.16 and a 12-month high of $9.22.

AlTi Global (NASDAQ:ALTIGet Free Report) last issued its earnings results on Friday, March 15th. The basic materials company reported ($0.13) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $91.71 million during the quarter, compared to analyst estimates of $66.80 million. On average, equities analysts predict that AlTi Global, Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On AlTi Global

A number of hedge funds have recently added to or reduced their stakes in ALTI. Caprock Group LLC grew its holdings in shares of 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 buying an additional 3,950 shares during the last quarter. Swiss National Bank lifted its position in AlTi Global by 15.4% in the 3rd quarter. Swiss National Bank now owns 51,067 shares of the basic materials company’s stock valued at $355,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in AlTi Global by 213.4% during 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 purchasing an additional 1,085,308 shares during the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

AlTi Global Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for AlTi Global (NASDAQ:ALTI)

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