Truist Financial Corp Invests $6.14 Million in Resolute Holdings Management, Inc. $RHLD

Truist Financial Corp purchased a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 29,743 shares of the company’s stock, valued at approximately $6,140,000.

A number of other large investors have also made changes to their positions in RHLD. Vanguard Group Inc. acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $47,149,000. UBS Group AG acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $28,228,000. Leo Wealth LLC acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $2,238,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $1,448,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $801,000.

Resolute Holdings Management Price Performance

NYSE RHLD opened at $110.63 on Friday. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.84 and a quick ratio of 3.27. The stock’s fifty day moving average price is $152.52 and its 200 day moving average price is $170.55. Resolute Holdings Management, Inc. has a 1 year low of $27.34 and a 1 year high of $236.19. The company has a market cap of $913.77 million, a price-to-earnings ratio of 16.06 and a beta of -1.21.

Insider Activity at Resolute Holdings Management

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

Analysts Set New Price Targets

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

Resolute Holdings Management 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.