Tiedemann Advisors, Llc Acquires 258,537 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc purchased 258,537 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $10.06 per share, with a total value of $2,600,882.22. Following the completion of the transaction, the insider now owns 4,801,888 shares in the company, valued at approximately $48,306,993.28. This trade represents a 5.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 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 acquired 306,127 shares of AlTi Global stock. The stock was acquired at an average cost of $10.13 per share, for a total transaction of $3,101,066.51.

AlTi Global Stock Up 0.4 %

Shares of NASDAQ:ALTI opened at $4.54 on Friday. The firm has a market cap of $634.81 million, a P/E ratio of -2.59 and a beta of 0.72. AlTi Global, Inc. has a 12-month low of $3.47 and a 12-month high of $9.22. The business has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $4.39. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On AlTi Global

Several institutional investors and hedge funds have recently made changes to their positions in ALTI. Vanguard Group Inc. lifted its stake 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 worth $9,021,000 after acquiring an additional 1,085,308 shares during the period. Geode Capital Management LLC raised its holdings in AlTi Global by 41.9% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $1,618,000 after purchasing an additional 159,357 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of AlTi Global by 89.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 50,379 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of AlTi Global during the second quarter worth $214,000. Institutional investors and hedge funds 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.