AlTi Global (NASDAQ:ALTI) Sees Strong Trading Volume – Should You Buy?

AlTi Global, Inc. (NASDAQ:ALTI) saw unusually-strong trading volume on Tuesday . Approximately 246,065 shares changed hands during trading, an increase of 312% from the previous session’s volume of 59,765 shares.The stock last traded at $4.07 and had previously closed at $4.22.

AlTi Global Trading Down 0.2 %

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 stock’s fifty day moving average price is $4.43 and its 200 day moving average price is $4.32. The stock has a market cap of $588.67 million, a P/E ratio of -2.41 and a beta of 0.73.

Institutional Investors Weigh In On AlTi Global

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of AlTi Global by 41.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock worth $4,041,000 after purchasing an additional 318,860 shares during the last quarter. AlTi Global Inc. increased its stake in AlTi Global by 1.5% during the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after purchasing an additional 11,216 shares in the last quarter. State Street Corp raised its holdings in AlTi Global by 5.6% in the third quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock worth $2,020,000 after buying an additional 28,689 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of AlTi Global by 58.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after buying an additional 159,357 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of AlTi Global by 89.9% during the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock valued at $555,000 after buying an additional 50,379 shares during the last quarter. 3.57% of the stock is owned by institutional investors.

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.