AlTi Global (NASDAQ:ALTI) Stock Price Down 4.2% – Should You Sell?

AlTi Global, Inc. (NASDAQ:ALTI) traded down 4.2% during trading on Tuesday . The company traded as low as $4.12 and last traded at $4.12. 26,467 shares were traded during mid-day trading, a decline of 83% from the average session volume of 151,271 shares. The stock had previously closed at $4.30.

AlTi Global Trading Up 3.0 %

The firm’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $4.39. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17.

Insiders Place Their Bets

In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were 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 directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 18,666 shares of company stock valued at $79,042. 22.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AlTi Global

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in AlTi Global by 213.4% in the first quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock valued at $9,021,000 after purchasing an additional 1,085,308 shares during the last quarter. Geode Capital Management LLC raised its holdings in AlTi Global by 41.9% in the third quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock worth $4,041,000 after purchasing an additional 318,860 shares during the period. AlTi Global Inc. boosted its position 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 worth $4,023,000 after purchasing an additional 11,216 shares in the last quarter. State Street Corp grew its holdings in shares of AlTi Global by 5.6% in the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after buying an additional 28,689 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AlTi Global by 58.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after buying an additional 159,357 shares in the last quarter. Institutional investors 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.