AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,060,000 shares, a decline of 15.2% from the October 15th total of 1,250,000 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 173,100 shares, the short-interest ratio is presently 6.1 days.

Insider Transactions at AlTi Global

In related news, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the transaction, the insider now owns 405,167 shares in the company, valued at $1,811,096.49. This trade represents a 1.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin P. Moran sold 137,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $4.00, for a total value of $550,000.00. Following the sale, the chief operating officer now owns 27,637 shares in the company, valued at approximately $110,548. The trade was a 83.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 161,935 shares of company stock valued at $652,349 in the last 90 days. Insiders own 22.14% of the company’s stock.

Hedge Funds Weigh In On AlTi Global

A number of institutional investors have recently bought and sold shares of ALTI. AlTi Global Inc. increased its stake in shares of AlTi Global by 1.5% in the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after acquiring an additional 11,216 shares during the period. MetLife Investment Management LLC lifted 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 buying an additional 11,834 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of AlTi Global in the second quarter worth about $76,000. SG Americas Securities LLC acquired a new stake in AlTi Global during the third quarter worth about $63,000. Finally, Rhumbline Advisers lifted its holdings in 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 acquiring an additional 19,547 shares during the period. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Trading Down 0.9 %

Shares of NASDAQ:ALTI opened at $4.39 on Friday. The company has a quick ratio of 1.57, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global has a 52-week low of $3.47 and a 52-week high of $9.22. The stock has a market cap of $613.84 million, a price-to-earnings ratio of -2.53 and a beta of 0.65. The business has a 50-day moving average price of $4.08 and a 200-day moving average price of $4.41.

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.