AlTi Global (NASDAQ:ALTI) Shares Rise 4.2% - What's Next?

On Tuesday, AlTi Global, Inc. (NASDAQ:ALTI) saw its shares increase by 4.2%. The stock reached a high of $4.52 before closing at $4.51. In total, around 32,447 shares changed hands, which is a significant drop of 78% from its typical daily trading volume of 148,848 shares. Previously, the stock had closed at $4.33.

Recent Stock Performance

The firm's market capitalization stands at $626.42 million, and it currently has a price-to-earnings ratio of -2.64, indicating that it is not generating profits at this time. Notably, the stock has a beta of 0.72, suggesting relatively lower volatility compared to the market. ALTI maintains a debt-to-equity ratio of 0.17, which shows it has very low levels of debt compared to its equity. Additionally, the company's current ratio and quick ratio both sit at 4.05, indicating sound short-term financial stability. Its fifty-day moving average price is $4.30, while its 200-day moving average price is $4.37.

Insider Transactions

In recent insider trading activity, Tiedemann Advisors, LLC, a major shareholder, purchased 306,127 shares on October 1st. This acquisition occurred at an average price of $10.13 per share, totaling around $3.1 million. Following this transaction, Tiedemann Advisors now owns 6,485,038 shares in AlTi Global, valued at roughly $65.7 million. This purchase represents an increase of 4.95% in their ownership of the company. The details of this transaction were filed with the Securities and Exchange Commission (SEC), where further information can be found. Overall, insiders currently hold approximately 22.14% of the company's shares.

Institutional Investor Activity

Many institutional investors have recently altered their stakes in AlTi Global. For example, SG Americas Securities LLC entered into a new position in the company worth about $63,000 during the third quarter. Additionally, The Manufacturers Life Insurance Company acquired a new stake worth approximately $76,000 earlier in the second quarter. MetLife Investment Management LLC increased its holdings in AlTi Global by 129.1% during the third quarter, now possessing 21,002 shares valued at $79,000 after a recent purchase of 11,834 shares. CV Advisors LLC also recently bought a stake worth $85,000 in the third quarter. Barclays PLC made a significant move, boosting its position in the company by 264.8%, now holding 44,457 shares valued at $167,000 after acquiring an extra 32,269 shares in the last quarter. Institutional investors currently control about 3.57% of AlTi Global's shares.

Company Overview

AlTi Global, Inc. offers a range of wealth and asset management services to individuals, families, foundations, and institutions across the U.S., U.K., and internationally. The company operates through two primary segments: Wealth Management and Strategic Alternatives. It provides various services, including discretionary investment management and non-discretionary investment advisory services.

Should You Invest in AlTi Global?

Before making an investment in AlTi Global, potential investors should carefully consider various factors. Although analysts currently maintain a "Strong Buy" rating for the stock, there are reports that some top-rated analysts are recommending five other stocks they believe offer better investment opportunities. Investors are encouraged to research thoroughly and assess their options before proceeding.

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