AlTi Global, Inc. (NASDAQ:ALTI) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC grew its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 129.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,002 shares of the basic materials company’s stock after acquiring an additional 11,834 shares during the quarter. MetLife Investment Management LLC’s holdings in AlTi Global were worth $79,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of AlTi Global in the 2nd quarter worth $76,000. SG Americas Securities LLC acquired a new stake in shares of AlTi Global in the 3rd quarter worth $63,000. CV Advisors LLC acquired a new stake in shares of AlTi Global in the 3rd quarter worth $85,000. Rhumbline Advisers increased its stake in shares of AlTi Global by 109.2% in the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after acquiring an additional 19,547 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of AlTi Global in the 2nd quarter worth $214,000. 3.57% of the stock is owned by institutional investors and hedge funds.

AlTi Global Stock Up 0.4 %

Shares of ALTI opened at $4.64 on Wednesday. AlTi Global, Inc. has a 52-week low of $3.47 and a 52-week high of $9.22. The company has a market capitalization of $648.79 million, a PE ratio of -2.65 and a beta of 0.72. The stock has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.38. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17.

Insiders Place Their Bets

In related news, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total transaction of $25,787.43. Following the completion of the sale, the insider now directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This trade represents a 1.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.14% of the company’s stock.

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.