Legal & General Group Plc Acquires Shares of 4,091 Resolute Holdings Management, Inc. $RHLD

Legal & General Group Plc acquired a new position in Resolute Holdings Management, Inc. (NYSE:RHLD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,091 shares of the company’s stock, valued at approximately $561,000. Legal & General Group Plc owned approximately 0.05% of Resolute Holdings Management as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RHLD. Vanguard Group Inc. bought a new position in shares of Resolute Holdings Management in the 4th quarter valued at about $47,149,000. NewEdge Wealth LLC bought a new stake in Resolute Holdings Management during the fourth quarter worth approximately $735,000. Gamco Investors INC. ET AL purchased a new stake in Resolute Holdings Management during the fourth quarter valued at approximately $3,922,000. Creative Financial Designs Inc. ADV purchased a new stake in Resolute Holdings Management during the fourth quarter valued at approximately $181,000. Finally, FourThought Financial Partners LLC purchased a new stake in Resolute Holdings Management during the fourth quarter valued at approximately $404,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RHLD. Wall Street Zen upgraded Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Resolute Holdings Management Price Performance

RHLD stock opened at $136.09 on Wednesday. The stock has a market cap of $1.06 billion, a PE ratio of 25.06 and a beta of -1.31. Resolute Holdings Management, Inc. has a 12 month low of $63.70 and a 12 month high of $236.19. The company has a 50-day moving average price of $134.33 and a 200 day moving average price of $138.12. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71.

Resolute Holdings Management (NYSE:RHLD) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.69 earnings per share for the quarter. The company had revenue of $473.20 million for the quarter. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%.

Insider Activity at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen bought 375 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $117.84 per share, with a total value of $44,190.00. Following the completion of the purchase, the chief financial officer owned 3,225 shares in the company, valued at $380,034. This represents a 13.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 52.80% of the company’s stock.

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.