AlTi Global, Inc. $ALTI Stock Position Lifted by Yorkville Advisors Global LP

Yorkville Advisors Global LP raised its stake in shares of AlTi Global, Inc. (NASDAQ:ALTI) by 45.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 649,199 shares of the basic materials company’s stock after purchasing an additional 201,699 shares during the quarter. AlTi Global makes up about 1.9% of Yorkville Advisors Global LP’s holdings, making the stock its 10th biggest holding. Yorkville Advisors Global LP owned about 0.44% of AlTi Global worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in shares of AlTi Global by 8.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 63,707 shares of the basic materials company’s stock valued at $296,000 after buying an additional 5,178 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in AlTi Global by 149.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,238 shares of the basic materials company’s stock worth $179,000 after purchasing an additional 30,125 shares in the last quarter. Millennium Management LLC bought a new position in AlTi Global in the 3rd quarter worth about $91,000. Citadel Advisors LLC bought a new position in AlTi Global in the 3rd quarter worth about $126,000. Finally, Brevan Howard Capital Management LP boosted its stake in AlTi Global by 42.5% in the 3rd quarter. Brevan Howard Capital Management LP now owns 39,327 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 11,727 shares in the last quarter. Institutional investors own 3.57% of the company’s stock.

Wall Street Analyst Weigh In

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

AlTi Global Price Performance

NASDAQ ALTI opened at $3.09 on Thursday. AlTi Global, Inc. has a 52 week low of $2.96 and a 52 week high of $5.45. The firm has a market capitalization of $468.51 million, a P/E ratio of -2.19 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $3.59 and a 200-day moving average price of $4.09.

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.