Tiedemann Advisors, Llc Acquires 387,254 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc acquired 387,254 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was bought at an average cost of $10.07 per share, with a total value of $3,899,647.78. Following the acquisition, the insider now owns 5,517,946 shares in the company, valued at approximately $55,565,716.22. This trade represents a 7.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tiedemann Advisors, Llc also recently made the following trade(s):

• On Tuesday, October 1st, Tiedemann Advisors, Llc purchased 306,127 shares of AlTi Global stock. The shares were bought at an average price of $10.13 per share, with a total value of $3,101,066.51.

AlTi Global Price Performance

Shares of NASDAQ ALTI opened at $4.52 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The firm’s 50 day simple moving average is $4.25 and its 200-day simple moving average is $4.39. AlTi Global, Inc. has a 12 month low of $3.47 and a 12 month high of $9.22. The stock has a market capitalization of $632.01 million, a price-to-earnings ratio of -2.58 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of AlTi Global during the 2nd quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in AlTi Global during the third quarter worth approximately $63,000. MetLife Investment Management LLC boosted its position in AlTi Global by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 11,834 shares in the last quarter. CV Advisors LLC acquired a new stake in AlTi Global in the third quarter valued at approximately $85,000. Finally, Rhumbline Advisers increased its position in shares of AlTi Global by 109.2% in the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after buying an additional 19,547 shares in the last quarter. Hedge funds and other 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.