AlTi Global (NASDAQ:ALTI) Sees Large Volume Increase – Should You Buy?

Shares of AlTi Global, Inc. (NASDAQ:ALTI) saw unusually-strong trading volume on Wednesday . Approximately 388,182 shares were traded during trading, an increase of 116% from the previous session’s volume of 179,778 shares.The stock last traded at $3.8060 and had previously closed at $4.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AlTi Global currently has an average rating of “Reduce”.

AlTi Global Stock Down 4.6%

The company has a 50-day moving average of $3.36 and a 200-day moving average of $3.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $579.79 million, a price-to-earnings ratio of -2.71 and a beta of 0.71.

Institutional Trading of AlTi Global

Institutional investors have recently bought and sold shares of the stock. Yorkville Advisors Global LP increased its stake in AlTi Global by 19.1% during the 1st quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock valued at $2,798,000 after purchasing an additional 123,801 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AlTi Global by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock valued at $354,000 after buying an additional 30,878 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of AlTi Global in the 1st quarter valued at $94,000. XTX Topco Ltd purchased a new position in AlTi Global in the 4th quarter worth $63,000. Finally, AQR Capital Management LLC raised its stake in AlTi Global by 8.2% in the 4th quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 2,824 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors and hedge funds.

About AlTi Global

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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.