Insider Buying: AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Purchases $3,999,054.60 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc bought 395,946 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $10.10 per share, with a total value of $3,999,054.60. Following the purchase, the insider now directly owns 6,177,101 shares of the company’s stock, valued at $62,388,720.10. The trade was a 6.85 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tiedemann Advisors, Llc also recently made the following trade(s):

• On Tuesday, October 1st, Tiedemann Advisors, Llc acquired 306,127 shares of AlTi Global stock. The stock was acquired at an average price of $10.13 per share, with a total value of $3,101,066.51.

AlTi Global Stock Performance

AlTi Global stock opened at $4.54 on Friday. The stock has a 50-day simple moving average of $4.29 and a 200 day simple moving average of $4.39. The stock has a market capitalization of $634.81 million, a price-to-earnings ratio of -2.59 and a beta of 0.72. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global, Inc. has a 12-month low of $3.47 and a 12-month high of $9.22.

Institutional Investors Weigh In On AlTi Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlTi Global Inc. grew its stake in shares of AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after purchasing an additional 11,216 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in AlTi Global by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after buying an additional 11,834 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in AlTi Global in the 2nd quarter valued at $76,000. SG Americas Securities LLC acquired a new stake in shares of AlTi Global in the 3rd quarter valued at $63,000. Finally, Rhumbline Advisers raised its position in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after acquiring an additional 19,547 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.