Resolute Holdings Management (NYSE:RHLD) Shares Down 18.5% – Here’s What Happened

Shares of Resolute Holdings Management, Inc. (NYSE:RHLD) were down 18.5% during mid-day trading on Thursday . The stock traded as low as $119.48 and last traded at $113.7550. Approximately 14,173 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 186,304 shares. The stock had previously closed at $139.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Resolute Holdings Management Stock Down 22.8%

The firm has a market capitalization of $890.68 million, a P/E ratio of -156.28 and a beta of -1.21. The firm’s 50-day moving average is $153.98 and its 200 day moving average is $170.35. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.27 and a current ratio of 3.84.

Insider Transactions at Resolute Holdings Management

In other news, CFO Kurt Schoen acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of $141.51 per share, for a total transaction of $70,755.00. Following the completion of the acquisition, the chief financial officer owned 2,400 shares in the company, valued at $339,624. This represents a 26.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John D. Cote acquired 552 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $142.29 per share, with a total value of $78,544.08. Following the completion of the acquisition, the director owned 552 shares of the company’s stock, valued at $78,544.08. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 52.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. KBC Group NV bought a new position in shares of Resolute Holdings Management during the first quarter worth about $25,000. Farther Finance Advisors LLC bought a new position in shares of Resolute Holdings Management during the fourth quarter worth about $27,000. GAMMA Investing LLC acquired a new position in shares of Resolute Holdings Management during the 4th quarter worth about $35,000. Kestra Advisory Services LLC acquired a new position in shares of Resolute Holdings Management during the 4th quarter worth about $52,000. Finally, California State Teachers Retirement System acquired a new position in shares of Resolute Holdings Management during the 4th quarter worth about $54,000.

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.