Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Decreases By 15.2%

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,060,000 shares, a drop of 15.2% from the October 15th total of 1,250,000 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average trading volume of 173,100 shares, the short-interest ratio is currently 6.1 days.

AlTi Global Stock Down 0.9 %

Shares of ALTI opened at $4.39 on Friday. The stock has a 50 day moving average price of $4.08 and a 200 day moving average price of $4.41. AlTi Global has a one year low of $3.47 and a one year high of $9.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 4.05. The stock has a market capitalization of $613.84 million, a price-to-earnings ratio of -2.53 and a beta of 0.65.

Insider Activity

In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total transaction of $25,787.43. Following the completion of the transaction, the insider now directly owns 405,167 shares in the company, valued at approximately $1,811,096.49. This represents a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Kevin P. Moran sold 137,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total transaction of $550,000.00. Following the sale, the chief operating officer now directly owns 27,637 shares of the company’s stock, valued at $110,548. This represents a 83.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,935 shares of company stock worth $652,349 in the last ninety days. Company insiders own 22.14% of the company’s stock.

Institutional Investors Weigh In On AlTi Global

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in AlTi Global during the third quarter worth approximately $63,000. The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global during the 2nd quarter worth $76,000. MetLife Investment Management LLC grew its holdings in shares of AlTi Global by 129.1% in the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 11,834 shares during the period. CV Advisors LLC acquired a new stake in AlTi Global during the third quarter worth about $85,000. Finally, Barclays PLC increased its position in 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 purchasing an additional 32,269 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors and hedge funds.

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.