AlTi Global, Inc. $ALTI is Yorkville Advisors Global LP’s 10th Largest Position

Yorkville Advisors Global LP lifted its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 45.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 649,199 shares of the basic materials company’s stock after buying an additional 201,699 shares during the quarter. AlTi Global accounts for approximately 1.9% of Yorkville Advisors Global LP’s holdings, making the stock its 10th largest position. Yorkville Advisors Global LP’s holdings in AlTi Global were worth $3,012,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ALTI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AlTi Global by 15.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 3,109 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 purchasing an additional 3,679 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of AlTi Global by 110.4% in the third quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 4,581 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of AlTi Global by 8.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 63,707 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 5,178 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of AlTi Global by 158.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 5,912 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Stock Performance

ALTI stock opened at $3.09 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average price of $3.59 and a 200 day moving average price of $4.09. The company has a market capitalization of $468.51 million, a P/E ratio of -2.19 and a beta of 0.73. AlTi Global, Inc. has a 1-year low of $2.96 and a 1-year high of $5.45.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

AlTi Global Company 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.