AlTi Global (NASDAQ:ALTI) Shares Down 4.2% – Time to Sell?

AlTi Global, Inc. (NASDAQ:ALTI) shares were down 4.2% during mid-day trading on Tuesday . The company traded as low as $4.12 and last traded at $4.12. Approximately 26,467 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 151,271 shares. The stock had previously closed at $4.30.

AlTi Global Price Performance

The firm has a market cap of $566.30 million, a price-to-earnings ratio of -2.30 and a beta of 0.65. The business’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $4.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05.

Insider Transactions at AlTi Global

In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of the 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 sale, the insider now directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This represents a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 18,666 shares of company stock valued at $79,042. Insiders own 22.14% of the company’s stock.

Institutional Investors Weigh In On AlTi Global

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of AlTi Global during the 3rd quarter worth approximately $63,000. The Manufacturers Life Insurance Company acquired a new stake in shares of AlTi Global in the 2nd quarter worth approximately $76,000. MetLife Investment Management LLC boosted 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 acquiring an additional 11,834 shares in the last quarter. CV Advisors LLC acquired a new position in shares of AlTi Global during the third quarter valued at approximately $85,000. Finally, Barclays PLC raised its holdings 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 in the last quarter. Institutional investors and hedge funds 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.