AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Tiedemann Advisors, Llc Purchases 306,127 Shares

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc acquired 306,127 shares of AlTi Global stock in a transaction dated Tuesday, October 1st. The shares were purchased at an average cost of $10.13 per share, with a total value of $3,101,066.51. Following the completion of the transaction, the insider now directly owns 6,485,038 shares of the company’s stock, valued at $65,693,434.94. This trade represents a 4.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AlTi Global Trading Up 0.4 %

NASDAQ ALTI opened at $4.54 on Friday. The stock has a market capitalization of $634.81 million, a price-to-earnings ratio of -2.59 and a beta of 0.72. AlTi Global, Inc. has a 52 week low of $3.47 and a 52 week high of $9.22. The stock’s 50 day moving average price is $4.29 and its two-hundred day moving average price is $4.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05.

Institutional Trading of AlTi Global

A number of institutional investors have recently made changes to their positions in ALTI. SG Americas Securities LLC acquired a new stake in AlTi Global in the 3rd quarter valued at $63,000. The Manufacturers Life Insurance Company acquired a new position in shares of AlTi Global during the 2nd quarter worth about $76,000. MetLife Investment Management LLC grew its holdings in shares of AlTi Global by 129.1% in the 3rd 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 stake in shares of AlTi Global in the third quarter valued at about $85,000. Finally, Barclays PLC increased its position in shares of AlTi Global by 264.8% in the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 32,269 shares during the last quarter. Institutional investors 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.