Michael Tiedemann Purchases 47,373 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report) CEO Michael Tiedemann bought 47,373 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of $4.86 per share, for a total transaction of $230,232.78. Following the completion of the transaction, the chief executive officer now owns 499,887 shares of the company’s stock, valued at approximately $2,429,450.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Tiedemann also recently made the following trade(s):

  • On Thursday, May 23rd, Michael Tiedemann bought 20,000 shares of AlTi Global stock. The shares were purchased at an average price of $4.52 per share, for a total transaction of $90,400.00.
  • On Monday, May 20th, Michael Tiedemann bought 40,000 shares of AlTi Global stock. The shares were purchased at an average price of $4.54 per share, for a total transaction of $181,600.00.
  • On Thursday, May 16th, Michael Tiedemann bought 60,000 shares of AlTi Global stock. The shares were purchased at an average price of $4.66 per share, for a total transaction of $279,600.00.

AlTi Global Stock Down 3.8 %

ALTI opened at $4.60 on Friday. 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, Inc. has a one year low of $4.22 and a one year high of $9.22. The business’s fifty day moving average is $4.77 and its two-hundred day moving average is $6.12. The company has a market cap of $552.05 million, a price-to-earnings ratio of -2.51 and a beta of 0.69.

AlTi Global (NASDAQ:ALTIGet Free Report) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported ($0.03) earnings per share (EPS) 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 company had revenue of $50.81 million during the quarter, compared to analysts’ expectations of $61.50 million. Analysts anticipate that AlTi Global, Inc. will post -0.02 EPS for the current fiscal year.

Institutional Trading of AlTi Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caprock Group LLC lifted its position in shares of AlTi Global by 11.3% in the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 3,950 shares in the last quarter. Swiss National Bank lifted its position in shares of AlTi Global by 15.4% in the third quarter. Swiss National Bank now owns 51,067 shares of the basic materials company’s stock valued at $355,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 1,085,308 shares in the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

AlTi Global Company Profile

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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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Insider Buying and Selling by Quarter for AlTi Global (NASDAQ:ALTI)

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