AlTi Global (NASDAQ:ALTI) Announces Earnings Results

by · The Cerbat Gem

AlTi Global (NASDAQ:ALTI – Get Free Report) posted its quarterly earnings results on Monday. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10), Zacks reports. AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%.

AlTi Global Price Performance

Shares of ALTI stock remained flat at $3.44 on Monday. 43,506 shares of the stock were exchanged, compared to its average volume of 142,549. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $3.12 and its 200-day moving average price is $3.78. The stock has a market capitalization of $489.30 million, a price-to-earnings ratio of -1.97 and a beta of 0.75. AlTi Global has a 12 month low of $2.33 and a 12 month high of $5.45.

Institutional Investors Weigh In On AlTi Global

An institutional investor recently raised its position in AlTi Global stock. Invesco Ltd. lifted its holdings in shares of AlTi Global, Inc. (NASDAQ:ALTI – Free Report) by 262.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,900 shares of the basic materials company’s stock after acquiring an additional 27,455 shares during the quarter. Invesco Ltd.’s holdings in AlTi Global were worth $115,000 as of its most recent SEC filing. 3.57% of the stock is currently owned by institutional investors and hedge funds.

AlTi Global Company Profile

(Get Free Report)

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.

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