Resolute Holdings Management (NYSE:RHLD) Shares Down 9.8% – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD) shares traded down 9.8% on Thursday . The company traded as low as $190.01 and last traded at $188.47. 50,621 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 133,341 shares. The stock had previously closed at $208.95.

Analyst Upgrades and Downgrades

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

Resolute Holdings Management Trading Up 6.0%

The firm has a market capitalization of $1.79 billion and a price-to-earnings ratio of -428.48. The firm’s 50 day moving average is $189.58 and its 200 day moving average is $104.15. The company has a quick ratio of 3.05, a current ratio of 3.67 and a debt-to-equity ratio of 4.17.

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

Insiders Place Their Bets

In related news, Director Timothy O. Mahoney acquired 3,268 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $152.98 per share, for a total transaction of $499,938.64. Following the acquisition, the director owned 9,207 shares in the company, valued at approximately $1,408,486.86. This represents a 55.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt Schoen acquired 900 shares of Resolute Holdings Management stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $149.23 per share, with a total value of $134,307.00. Following the completion of the purchase, the chief financial officer directly owned 1,900 shares of the company’s stock, valued at approximately $283,537. This represents a 90.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 11,107 shares of company stock worth $1,800,036 over the last ninety days. 50.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Resolute Holdings Management

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Resolute Holdings Management during the third quarter worth approximately $173,000. GAMMA Investing LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at approximately $35,000. Finally, SG Americas Securities LLC purchased a new stake in Resolute Holdings Management in the 4th quarter worth approximately $267,000.

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.