AlTi Global (NASDAQ:ALTI) Shares Gap Down – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI) shares gapped down prior to trading on Monday . The stock had previously closed at $4.39, but opened at $4.22. AlTi Global shares last traded at $4.29, with a volume of 9,479 shares traded.

AlTi Global Stock Down 0.5 %

The stock has a market cap of $616.63 million, a price-to-earnings ratio of -2.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. The business’s 50 day moving average is $4.41 and its 200 day moving average is $4.33.

Institutional Trading of AlTi Global

Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new stake in AlTi Global in the 2nd quarter valued at approximately $76,000. SG Americas Securities LLC acquired a new position in shares of AlTi Global during the third quarter worth approximately $63,000. MetLife Investment Management LLC raised its holdings in AlTi Global by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 11,834 shares during the last quarter. CV Advisors LLC acquired a new position in shares of AlTi Global in the 3rd quarter valued at $85,000. Finally, JPMorgan Chase & Co. raised its holdings in AlTi Global by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 3,925 shares during the period. Institutional investors own 3.57% of the company’s stock.

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.