AlTi Global (NASDAQ:ALTI) Sees Large Volume Increase – Time to Buy?

AlTi Global, Inc. (NASDAQ:ALTI) shares saw strong trading volume on Tuesday . 246,065 shares traded hands during trading, an increase of 312% from the previous session’s volume of 59,765 shares.The stock last traded at $4.07 and had previously closed at $4.22.

AlTi Global Stock Performance

The firm’s fifty day moving average is $4.43 and its 200-day moving average is $4.31. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $585.87 million, a PE ratio of -2.39 and a beta of 0.73.

Institutional Trading of AlTi Global

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of AlTi Global during the third quarter worth about $63,000. The Manufacturers Life Insurance Company purchased a new stake in AlTi Global during the 2nd quarter worth approximately $76,000. 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. CV Advisors LLC purchased a new position in AlTi Global in the 3rd quarter valued at approximately $85,000. Finally, JPMorgan Chase & Co. grew its stake in shares of AlTi Global by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 3,925 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.