Renaissance Technologies LLC Purchases 7,100 Shares of Resolute Holdings Management, Inc. $RHLD

Renaissance Technologies LLC grew its position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) by 55.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,800 shares of the company’s stock after buying an additional 7,100 shares during the quarter. Renaissance Technologies LLC owned 0.24% of Resolute Holdings Management worth $3,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Locust Wood Capital Advisers LLC bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $112,292,000. Balance Capital Partners L.P. bought a new stake in Resolute Holdings Management during the fourth quarter worth $52,169,000. Vanguard Group Inc. purchased a new position in Resolute Holdings Management in the fourth quarter worth $47,149,000. Corsair Capital Management L.P. purchased a new position in Resolute Holdings Management in the fourth quarter worth $42,891,000. Finally, UBS Group AG bought a new position in Resolute Holdings Management in the 4th quarter valued at $28,228,000.

Resolute Holdings Management Stock Up 0.9%

Shares of NYSE RHLD opened at $129.72 on Friday. Resolute Holdings Management, Inc. has a one year low of $40.51 and a one year high of $236.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 0.89. The business’s fifty day moving average price is $130.92 and its 200-day moving average price is $148.40. The stock has a market capitalization of $1.07 billion, a PE ratio of 23.89 and a beta of -1.30.

Resolute Holdings Management (NYSE:RHLD) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.69 earnings per share for the quarter. Resolute Holdings Management had a return on equity of 5.20% and a net margin of 4.21%.The company had revenue of $473.20 million during the quarter.

Insider Transactions at Resolute Holdings Management

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. One equities research 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 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.