AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Tiedemann Advisors, Llc Purchases 395,946 Shares

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc bought 395,946 shares of the stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $10.10 per share, for a total transaction of $3,999,054.60. Following the completion of the purchase, the insider now owns 6,177,101 shares of the company’s stock, valued at approximately $62,388,720.10. This trade represents a 6.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 purchased at an average cost of $10.13 per share, with a total value of $3,101,066.51.

AlTi Global Stock Performance

NASDAQ:ALTI traded down $0.13 on Wednesday, reaching $4.51. 48,704 shares of the company’s stock were exchanged, compared to its average volume of 150,506. The firm has a market cap of $630.62 million, a price-to-earnings ratio of -2.62 and a beta of 0.72. 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 stock has a fifty day simple moving average of $4.23 and a 200-day simple moving average of $4.39. AlTi Global, Inc. has a 52 week low of $3.47 and a 52 week high of $9.22.

Institutional Trading of AlTi Global

A number of institutional investors have recently modified their holdings of ALTI. The Manufacturers Life Insurance Company purchased a new position in AlTi Global during the 2nd quarter valued at about $76,000. SG Americas Securities LLC bought a new position in shares of AlTi Global in the third quarter valued at approximately $63,000. MetLife Investment Management LLC grew its stake 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 valued at $79,000 after acquiring an additional 11,834 shares in the last quarter. CV Advisors LLC bought a new stake in AlTi Global during the 3rd quarter worth approximately $85,000. Finally, Rhumbline Advisers increased its holdings in AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after acquiring an additional 19,547 shares during the period. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

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.