AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) shares traded down 6% on Monday . The company traded as low as $4.85 and last traded at $4.90. 57,559 shares were traded during mid-day trading, a decline of 61% from the average session volume of 145,869 shares. The stock had previously closed at $5.21.
AlTi Global Trading Down 0.8 %
The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $5.72. The stock has a market capitalization of $571.25 million, a P/E ratio of -2.60 and a beta of 0.71.
AlTi Global (NASDAQ:ALTI – Get Free Report) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $50.81 million during the quarter, compared to the consensus estimate of $61.50 million. AlTi Global had a positive return on equity of 7.45% and a negative net margin of 29.75%. Equities research analysts forecast that AlTi Global, Inc. will post -0.02 EPS for the current year.
Insider Buying and Selling
Hedge Funds Weigh In On AlTi Global
Several hedge funds have recently modified their holdings of the stock. Caprock Group LLC lifted its holdings in AlTi Global by 11.3% in the 1st 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 in the last quarter. Swiss National Bank increased its position in shares of AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in AlTi Global by 213.4% in the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock valued at $9,021,000 after acquiring an additional 1,085,308 shares in the last quarter. Institutional investors and hedge funds 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.
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