AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $4.03 and last traded at $4.28, with a volume of 44871 shares changing hands. The stock had previously closed at $4.38.
AlTi Global Price Performance
The firm’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $5.23. The firm has a market cap of $498.03 million, a P/E ratio of -2.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.33 and a current ratio of 2.33.
AlTi Global (NASDAQ:ALTI – Get Free Report) last issued its earnings results on Friday, May 10th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $50.81 million for the quarter, compared to analysts’ expectations of $61.50 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. As a group, analysts forecast that AlTi Global, Inc. will post -0.02 earnings per share for the current year.
Insider Buying and Selling at AlTi Global
Institutional Investors Weigh In On AlTi Global
A number of large investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of AlTi Global by 109.2% in the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after buying an additional 19,547 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of AlTi Global in the second quarter valued at approximately $214,000. Caprock Group LLC raised its position in shares of AlTi Global by 11.3% in the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after buying an additional 3,950 shares during the last quarter. Swiss National Bank raised its position in shares of AlTi Global by 9.4% in the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after buying an additional 4,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of AlTi Global by 89.9% in 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 hedge funds and other 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.
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