Dimensional Fund Advisors LP Invests $44,000 in AlTi Global, Inc. (NASDAQ:ALTI)

Dimensional Fund Advisors LP acquired a new position in shares of AlTi Global, Inc. (NASDAQ:ALTI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,076 shares of the basic materials company’s stock, valued at approximately $44,000.

Several other large investors also recently added to or reduced their stakes in the stock. Allianz SE purchased a new stake in shares of AlTi Global in the fourth quarter valued at approximately $85,581,000. Geode Capital Management LLC increased its position in shares of AlTi Global by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,095,057 shares of the basic materials company’s stock valued at $4,831,000 after acquiring an additional 14,868 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AlTi Global by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company’s stock valued at $2,061,000 after purchasing an additional 34,798 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in AlTi Global by 5.7% in the fourth quarter. Bank of New York Mellon Corp now owns 81,965 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 4,411 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of AlTi Global by 198.8% during the 4th quarter. JPMorgan Chase & Co. now owns 80,939 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 53,847 shares in the last quarter. 3.57% of the stock is owned by institutional investors.

AlTi Global Trading Down 1.4%

ALTI stock opened at $3.44 on Monday. The company’s 50-day simple moving average is $3.12 and its 200-day simple moving average is $3.76. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global, Inc. has a 52-week low of $2.33 and a 52-week high of $5.45. The firm has a market cap of $489.30 million, a P/E ratio of -1.97 and a beta of 0.75.

AlTi Global (NASDAQ:ALTI) last issued its quarterly earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.65). The company had revenue of $53.33 million during the quarter, compared to analysts’ expectations of $74.60 million. AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. During the same period in the prior year, the business posted ($0.88) earnings per share. As a group, equities analysts forecast that AlTi Global, Inc. will post -0.14 EPS for the current fiscal year.

About AlTi Global

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.