Insider Buying: AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Buys 257,824 Shares of Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc purchased 257,824 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $10.08 per share, with a total value of $2,598,865.92. Following the completion of the acquisition, the insider now directly owns 5,777,438 shares in the company, valued at approximately $58,236,575.04. The trade was a 4.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiedemann Advisors, Llc also recently made the following trade(s):

• On Tuesday, October 1st, Tiedemann Advisors, Llc purchased 306,127 shares of AlTi Global stock. The stock was purchased at an average price of $10.13 per share, with a total value of $3,101,066.51.

AlTi Global Price Performance

Shares of NASDAQ ALTI opened at $4.52 on Friday. AlTi Global, Inc. has a twelve month low of $3.47 and a twelve month high of $9.22. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $632.01 million, a price-to-earnings ratio of -2.58 and a beta of 0.72. The business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $4.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position 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 period. Bank of New York Mellon Corp boosted its position in AlTi Global by 89.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 50,379 shares during the period. Rhumbline Advisers boosted its position in AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 19,547 shares during the period. SG Americas Securities LLC acquired a new position in AlTi Global during the 3rd quarter valued at approximately $63,000. Finally, The Manufacturers Life Insurance Company acquired a new position in AlTi Global during the 2nd quarter valued at approximately $76,000. 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.