Resolute Holdings Management (NYSE:RHLD) Shares Down 8.6% – What’s Next?

Resolute Holdings Management, Inc. (NYSE:RHLD)’s stock price fell 8.6% during mid-day trading on Monday . The stock traded as low as $128.91 and last traded at $129.8110. 66,949 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 188,513 shares. The stock had previously closed at $141.97.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RHLD shares. Weiss Ratings downgraded Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Resolute Holdings Management Stock Up 3.1%

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.58 and a beta of -1.65. The business’s 50-day moving average is $124.33 and its 200-day moving average is $157.70. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71.

Insider Transactions at Resolute Holdings Management

In related news, Director Krishna Mikkilineni acquired 921 shares of Resolute Holdings Management stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the purchase, the director owned 1,145 shares of the company’s stock, valued at approximately $124,255.40. This represents a 411.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt Schoen acquired 450 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $108.34 per share, with a total value of $48,753.00. Following the acquisition, the chief financial officer owned 2,850 shares in the company, valued at approximately $308,769. This trade represents a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 52.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of Resolute Holdings Management during the 4th quarter valued at approximately $27,000. KBC Group NV acquired a new stake in Resolute Holdings Management in the first quarter valued at approximately $25,000. GAMMA Investing LLC purchased a new stake in Resolute Holdings Management in the 4th quarter worth $35,000. Kestra Advisory Services LLC purchased a new stake in shares of Resolute Holdings Management during the fourth quarter worth about $52,000. Finally, California State Teachers Retirement System purchased a new position in Resolute Holdings Management in the 4th quarter valued at about $54,000.

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.