Resolute Holdings Management (NYSE:RHLD) Stock Price Down 7.3% – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD) shares were down 7.3% on Monday . The stock traded as low as $205.00 and last traded at $201.5450. Approximately 29,524 shares changed hands during trading, a decline of 61% from the average daily volume of 75,961 shares. The stock had previously closed at $217.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

The firm’s 50 day moving average is $164.61 and its 200-day moving average is $93.26. The stock has a market capitalization of $1.71 billion and a price-to-earnings ratio of -411.91. The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67.

Resolute Holdings Management (NYSE:RHLD) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.13 EPS for the quarter. Resolute Holdings Management had a net margin of 23.82% and a negative return on equity of 646.55%. The company had revenue of $120.87 million for the quarter.

Insider Transactions at Resolute Holdings Management

In other Resolute Holdings Management news, Director Timothy O. Mahoney bought 3,268 shares of Resolute Holdings Management stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $152.98 per share, with a total value of $499,938.64. Following the purchase, the director directly owned 9,207 shares in the company, valued at $1,408,486.86. This represents a 55.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurt Schoen purchased 900 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $149.23 per share, for a total transaction of $134,307.00. Following the purchase, the chief financial officer directly owned 1,900 shares in the company, valued at $283,537. This trade represents a 90.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 11,107 shares of company stock worth $1,800,036 over the last 90 days. Insiders own 50.80% 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.