Resolute Holdings Management (NYSE:RHLD) Sees Unusually-High Trading Volume – Should You Buy?

Resolute Holdings Management, Inc. (NYSE:RHLD) saw unusually-strong trading volume on Friday . Approximately 187,278 shares changed hands during mid-day trading, an increase of 143% from the previous session’s volume of 77,196 shares.The stock last traded at $194.6650 and had previously closed at $206.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Resolute Holdings Management Stock Down 6.3%

The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67. The company’s fifty day moving average price is $174.84 and its 200-day moving average price is $97.22. The stock has a market cap of $1.65 billion and a P/E ratio of -393.67.

Resolute Holdings Management (NYSE:RHLD) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.13 EPS for the quarter. The company had revenue of $120.87 million for the quarter. Resolute Holdings Management had a net margin of 23.82% and a negative return on equity of 646.55%.

Insider Activity at Resolute Holdings Management

In other Resolute Holdings Management news, Director Timothy O. Mahoney acquired 3,268 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $152.98 per share, with a total value of $499,938.64. Following the transaction, the director directly owned 9,207 shares of the company’s stock, valued at $1,408,486.86. The trade was a 55.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt Schoen bought 900 shares of Resolute Holdings Management stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $149.23 per share, for a total transaction of $134,307.00. Following the purchase, the chief financial officer owned 1,900 shares of the company’s stock, valued at approximately $283,537. This trade represents a 90.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 11,107 shares of company stock worth $1,800,036. Company insiders own 50.80% of the company’s stock.

Institutional Trading of Resolute Holdings Management

An institutional investor recently bought a new position in Resolute Holdings Management stock. JPMorgan Chase & Co. purchased a new position in Resolute Holdings Management, Inc. (NYSE:RHLD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,400 shares of the company’s stock, valued at approximately $173,000.

Resolute Holdings Management Company Profile

Resolute Holdings Management, Inc operates as an alternative asset management platform company. The company was incorporated in 2024 and is based in New York, New York.