Yorkville Advisors Global LP Makes New Investment in AlTi Global, Inc. $ALTI

Yorkville Advisors Global LP purchased a new stake in AlTi Global, Inc. (NASDAQ:ALTI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 447,500 shares of the basic materials company’s stock, valued at approximately $1,593,000. AlTi Global comprises 0.3% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 10th biggest holding. Yorkville Advisors Global LP owned about 0.31% of AlTi Global as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its position in shares of AlTi Global by 262.9% during the 1st quarter. Invesco Ltd. now owns 37,900 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 27,455 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of AlTi Global during the first quarter worth approximately $42,000. Geode Capital Management LLC boosted its position in shares of AlTi Global by 15.2% in the second quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock valued at $5,390,000 after acquiring an additional 170,951 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of AlTi Global by 25.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 3,679 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of AlTi Global by 15.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 3,109 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors.

AlTi Global Stock Performance

Shares of AlTi Global stock opened at $3.80 on Wednesday. The firm has a market cap of $557.28 million, a P/E ratio of -2.10 and a beta of 0.76. The firm’s 50-day simple moving average is $4.35 and its 200-day simple moving average is $4.19. AlTi Global, Inc. has a twelve month low of $2.51 and a twelve month high of $5.45.

Wall Street Analysts Forecast Growth

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