AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Up 41.5% in July

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,080,000 shares, an increase of 41.5% from the June 30th total of 763,100 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 165,100 shares, the days-to-cover ratio is currently 6.5 days.

AlTi Global Stock Performance

Shares of NASDAQ ALTI opened at $5.06 on Monday. The business’s 50 day moving average price is $4.84 and its two-hundred day moving average price is $5.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 2.33. AlTi Global has a twelve month low of $4.22 and a twelve month high of $9.22.

AlTi Global (NASDAQ:ALTI) last posted its earnings results on Friday, May 10th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. The firm had revenue of $50.81 million during the quarter, compared to analyst estimates of $61.50 million. Analysts predict that AlTi Global will post -0.02 EPS for the current year.

Insider Activity at AlTi Global

In related news, insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $4.86, for a total value of $28,037.34. Following the sale, the insider now owns 450,633 shares of the company’s stock, valued at $2,190,076.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $4.86, for a total transaction of $28,037.34. Following the transaction, the insider now owns 450,633 shares of the company’s stock, valued at $2,190,076.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Timothy F. Keaney purchased 16,417 shares of the stock in a transaction on Thursday, May 16th. The shares were acquired at an average cost of $4.60 per share, for a total transaction of $75,518.20. Following the transaction, the insider now owns 97,321 shares of the company’s stock, valued at $447,676.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 223,790 shares of company stock valued at $1,051,551 and have sold 35,611 shares valued at $173,211. 22.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On AlTi Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank grew 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 purchasing an additional 4,800 shares during the last quarter. Bank of New York Mellon Corp grew 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 purchasing an additional 50,379 shares during the last quarter. Vanguard Group Inc. grew its position in shares of AlTi Global by 213.4% in the first 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 last quarter. Finally, Caprock Group LLC grew 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 purchasing an additional 3,950 shares during the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

AlTi Global Company Profile

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.