Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Drops By 6.5%

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 682,200 shares, a drop of 6.5% from the May 15th total of 729,500 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 150,500 shares, the days-to-cover ratio is presently 4.5 days.

Insider Buying and Selling

In related news, CEO Michael Tiedemann purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $4.52 per share, with a total value of $90,400.00. Following the purchase, the chief executive officer now directly owns 472,514 shares in the company, valued at $2,135,763.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael Tiedemann bought 20,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $4.52 per share, for a total transaction of $90,400.00. Following the completion of the purchase, the chief executive officer now owns 472,514 shares of the company’s stock, valued at approximately $2,135,763.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy F. Keaney purchased 16,417 shares of AlTi Global stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average price of $4.60 per share, for a total transaction of $75,518.20. Following the transaction, the insider now owns 97,321 shares in the company, valued at $447,676.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 268,790 shares of company stock valued at $1,290,301 and sold 29,725 shares valued at $150,063. 22.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTI. Swiss National Bank raised its stake in shares of AlTi Global by 15.4% during the 3rd quarter. Swiss National Bank now owns 51,067 shares of the basic materials company’s stock worth $355,000 after purchasing an additional 6,800 shares in the last quarter. Caprock Group LLC grew its position in shares of AlTi Global by 11.3% during the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of AlTi Global by 213.4% during the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after purchasing an additional 1,085,308 shares in the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

AlTi Global Trading Down 0.4 %

NASDAQ ALTI opened at $4.99 on Wednesday. AlTi Global has a 12 month low of $4.22 and a 12 month high of $9.22. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $598.84 million, a PE ratio of -2.73 and a beta of 0.69. The stock has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $5.93.

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). The business had revenue of $50.81 million during the quarter, compared to analyst estimates of $61.50 million. AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. Research analysts forecast that AlTi Global will post -0.02 EPS for the current year.

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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