291,763 Shares in AlTi Global, Inc. $ALTI Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. bought a new position in AlTi Global, Inc. (NASDAQ:ALTI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 291,763 shares of the basic materials company’s stock, valued at approximately $1,039,000. Prescott Group Capital Management L.L.C. owned about 0.20% of AlTi Global as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ALTI. Stratos Wealth Partners LTD. purchased a new position in shares of AlTi Global during the third quarter worth about $107,000. Tower Research Capital LLC TRC lifted its position in AlTi Global by 158.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 5,912 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AlTi Global by 15.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock worth $97,000 after buying an additional 3,109 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in AlTi Global by 25.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after buying an additional 3,679 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of AlTi Global by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock worth $5,390,000 after buying an additional 170,951 shares during the last quarter. Institutional investors own 3.57% of the company’s stock.

AlTi Global Price Performance

Shares of NASDAQ ALTI opened at $4.20 on Friday. The stock has a market capitalization of $615.93 million, a P/E ratio of -2.32 and a beta of 0.75. AlTi Global, Inc. has a one year low of $2.33 and a one year high of $5.45. The firm’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $4.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AlTi Global in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

AlTi Global 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. 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.