Gamco Investors INC. ET AL Makes New Investment in Resolute Holdings Management, Inc. $RHLD

Gamco Investors INC. ET AL bought a new position in Resolute Holdings Management, Inc. (NYSE:RHLD) in the fourth quarter, HoldingsChannel reports. The fund bought 19,000 shares of the company’s stock, valued at approximately $3,922,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NewEdge Wealth LLC acquired a new stake in shares of Resolute Holdings Management in the fourth quarter valued at about $735,000. Wolverine Asset Management LLC bought a new position in Resolute Holdings Management in the fourth quarter worth approximately $127,000. Truist Financial Corp bought a new position in Resolute Holdings Management in the fourth quarter worth approximately $6,140,000. Strs Ohio bought a new position in Resolute Holdings Management in the fourth quarter worth approximately $454,000. Finally, Huntleigh Advisors Inc. bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $801,000.

Resolute Holdings Management Price Performance

NYSE:RHLD opened at $110.30 on Thursday. The firm has a market capitalization of $910.71 million, a price-to-earnings ratio of 16.01 and a beta of -1.21. Resolute Holdings Management, Inc. has a 52-week low of $28.92 and a 52-week high of $236.19. The stock has a fifty day moving average of $140.24 and a 200 day moving average of $172.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.89 and a current ratio of 1.59.

Insiders Place Their Bets

In other Resolute Holdings Management news, Director John D. Cote acquired 552 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average price of $142.29 per share, with a total value of $78,544.08. Following the completion of the purchase, the director owned 552 shares of the company’s stock, valued at approximately $78,544.08. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Krishna Mikkilineni acquired 921 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $108.52 per share, with a total value of $99,946.92. Following the purchase, the director directly owned 1,145 shares of the company’s stock, valued at $124,255.40. This trade represents a 411.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 2,423 shares of company stock worth $297,999 over the last three months. Corporate insiders own 52.80% of the company’s stock.

Analysts Set New Price Targets

RHLD has been the topic of a number of recent research reports. Weiss Ratings lowered Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. 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”.

About Resolute Holdings Management

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.