AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Up 41.5% in July

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,080,000 shares, an increase of 41.5% from the June 30th total of 763,100 shares. Based on an average trading volume of 165,100 shares, the short-interest ratio is currently 6.5 days. Currently, 3.3% of the company’s stock are short sold.

AlTi Global Stock Performance

Shares of NASDAQ:ALTI opened at $5.06 on Monday. The business has a 50 day moving average price of $4.84 and a 200 day moving average price of $5.29. AlTi Global has a twelve month low of $4.22 and a twelve month high of $9.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.33 and a current ratio of 2.33.

AlTi Global (NASDAQ:ALTI) last announced its earnings results on Friday, May 10th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. The business had revenue of $50.81 million for the quarter, compared to the consensus estimate of $61.50 million. As a group, equities analysts predict that AlTi Global will post -0.02 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Tiedemann acquired 60,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of $4.66 per share, with a total value of $279,600.00. Following the acquisition, the chief executive officer now owns 369,146 shares in the company, valued at approximately $1,720,220.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Tiedemann acquired 60,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of $4.66 per share, with a total value of $279,600.00. Following the acquisition, the chief executive officer now owns 369,146 shares in the company, valued at approximately $1,720,220.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Spiros Maliagros sold 5,769 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $4.86, for a total value of $28,037.34. Following the sale, the insider now owns 450,633 shares of the company’s stock, valued at approximately $2,190,076.38. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 223,790 shares of company stock valued at $1,051,551 and have sold 35,611 shares valued at $173,211. 22.14% of the stock is currently owned by insiders.

Institutional Trading of AlTi Global

Several hedge funds have recently added to or reduced their stakes in ALTI. Caprock Group LLC lifted its position in shares of AlTi Global by 11.3% in the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 3,950 shares during the period. Swiss National Bank lifted its position in shares of AlTi Global by 9.4% in the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after acquiring an additional 4,800 shares during the period. Bank of New York Mellon Corp lifted its position in shares of AlTi Global by 89.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 50,379 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of 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 worth $9,021,000 after acquiring an additional 1,085,308 shares during the period. Institutional investors 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.