AlTi Global (NASDAQ:ALTI) Sees Unusually-High Trading Volume

Shares of AlTi Global, Inc. (NASDAQ:ALTI) saw an uptick in trading volume on Tuesday . 359,332 shares were traded during trading, an increase of 183% from the previous session’s volume of 126,912 shares.The stock last traded at $5.00 and had previously closed at $4.87.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a report on Thursday, January 25th.

AlTi Global Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $5.60 and its 200-day moving average is $6.65.

AlTi Global (NASDAQ:ALTI) last posted its earnings results on Friday, March 15th. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). AlTi Global had a positive return on equity of 7.77% and a negative net margin of 67.99%. The business had revenue of $91.71 million for the quarter, compared to the consensus estimate of $66.80 million. Equities research analysts forecast that AlTi Global, Inc. will post 0.27 EPS for the current year.

Insider Transactions at AlTi Global

In other news, Director Mark F. Furlong purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average price of $5.43 per share, for a total transaction of $135,750.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $135,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mark F. Furlong bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average price of $5.43 per share, for a total transaction of $135,750.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $135,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cayman Holdings Ilwaddi bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average price of $5.15 per share, for a total transaction of $103,000.00. Following the transaction, the insider now directly owns 17,913,265 shares in the company, valued at $92,253,314.75. The disclosure for this purchase can be found here. Corporate insiders own 27.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AlTi Global stock. Mesirow Financial Investment Management Inc. boosted its holdings in shares of AlTi Global, Inc. (NASDAQ:ALTI) by 78.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,666 shares of the basic materials company’s stock after buying an additional 15,642 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in AlTi Global were worth $248,000 as of its most recent SEC filing. 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.