AlTi Global (NASDAQ:ALTI) Stock Price Down 4.2% – Should You Sell?

AlTi Global, Inc. (NASDAQ:ALTI)’s share price fell 4.2% during trading on Tuesday . The stock traded as low as $4.12 and last traded at $4.12. 26,467 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 151,271 shares. The stock had previously closed at $4.30.

AlTi Global Price Performance

The company has a 50 day moving average of $4.10 and a 200 day moving average of $4.40. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $566.30 million, a price-to-earnings ratio of -2.30 and a beta of 0.65.

Insider Activity at AlTi Global

In other news, insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total value of $25,787.43. Following the transaction, the insider now directly owns 405,167 shares of the company’s stock, valued at $1,811,096.49. The trade was a 1.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders sold 18,666 shares of company stock worth $79,042. 22.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On AlTi Global

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of AlTi Global by 41.9% in the third quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock worth $4,041,000 after buying an additional 318,860 shares during the period. Barclays PLC grew its position in 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 in the last quarter. State Street Corp raised its stake in shares of AlTi Global by 5.6% during the third quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after purchasing an additional 28,689 shares during the period. MetLife Investment Management LLC lifted its position in shares of AlTi Global by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 11,834 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after purchasing an additional 159,357 shares in the last quarter. Hedge funds and other 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.