AlTi Global, Inc. (NASDAQ:ALTI) Major Shareholder Tiedemann Advisors, Llc Buys 257,824 Shares

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc bought 257,824 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $10.08 per share, for a total transaction of $2,598,865.92. Following the completion of the purchase, the insider now owns 5,777,438 shares of the company’s stock, valued at $58,236,575.04. This represents a 4.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock 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 shares were bought at an average price of $10.13 per share, for a total transaction of $3,101,066.51.

AlTi Global Stock Performance

Shares of ALTI opened at $4.51 on Thursday. AlTi Global, Inc. has a one year low of $3.47 and a one year high of $9.22. The company has a market cap of $630.62 million, a PE ratio of -2.62 and a beta of 0.72. The stock has a 50-day moving average of $4.23 and a 200-day moving average of $4.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of AlTi Global by 213.4% during the first quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock valued at $9,021,000 after acquiring an additional 1,085,308 shares in the last quarter. Geode Capital Management LLC grew its position in AlTi Global by 41.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock valued at $4,041,000 after purchasing an additional 318,860 shares during the period. Charles Schwab Investment Management Inc. increased its stake in AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after purchasing an additional 159,357 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AlTi Global by 89.9% during the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock worth $555,000 after buying an additional 50,379 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new position in shares of AlTi Global in the second quarter valued at $214,000. 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.