AlTi Global (NASDAQ:ALTI) Sets New 1-Year Low – Here’s Why

AlTi Global, Inc. (NASDAQ:ALTI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.36 and last traded at $3.47, with a volume of 105134 shares traded. The stock had previously closed at $3.58.

AlTi Global Stock Performance

The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $4.15 and its 200-day simple moving average is $4.15.

Institutional Investors Weigh In On AlTi Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its position in AlTi Global by 2.5% during the fourth quarter. Northern Trust Corp now owns 336,209 shares of the basic materials company’s stock worth $1,483,000 after buying an additional 8,113 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of AlTi Global in the fourth quarter valued at approximately $44,000. Barclays PLC lifted its holdings in shares of AlTi Global by 16.7% during the fourth quarter. Barclays PLC now owns 51,874 shares of the basic materials company’s stock worth $229,000 after buying an additional 7,417 shares in the last quarter. Invesco Ltd. bought a new stake in AlTi Global in the 4th quarter valued at about $46,000. Finally, Wells Fargo & Company MN grew its position in AlTi Global by 30.8% during the fourth quarter. Wells Fargo & Company MN now owns 20,245 shares of the basic materials company’s stock worth $89,000 after buying an additional 4,764 shares in the last quarter. 3.57% of the stock is owned by institutional investors.

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.