Resolute Holdings Management (NYSE:RHLD) Trading Up 10.1% – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price shot up 10.1% during trading on Thursday . The stock traded as high as $224.67 and last traded at $226.4660. 73,193 shares were traded during mid-day trading, a decline of 49% from the average session volume of 144,557 shares. The stock had previously closed at $205.74.

Wall Street Analysts Forecast Growth

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

Resolute Holdings Management Trading Up 10.5%

The stock has a market cap of $1.94 billion and a PE ratio of -464.07. The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67. The company has a 50 day moving average of $193.26 and a two-hundred day moving average of $108.44.

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

Insider Transactions at Resolute Holdings Management

In related news, Director Timothy O. Mahoney purchased 5,939 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $168.52 per share, with a total value of $1,000,840.28. Following the purchase, the director owned 5,939 shares of the company’s stock, valued at $1,000,840.28. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt Schoen bought 1,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $164.95 per share, for a total transaction of $164,950.00. Following the transaction, the chief financial officer owned 1,000 shares of the company’s stock, valued at approximately $164,950. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 11,107 shares of company stock worth $1,800,036 over the last ninety days. 50.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Resolute Holdings Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of Resolute Holdings Management in the third quarter valued at about $173,000. SG Americas Securities LLC acquired a new stake in Resolute Holdings Management in the 4th quarter valued at about $267,000. Finally, GAMMA Investing LLC acquired a new stake in Resolute Holdings Management in the 4th quarter valued at about $35,000.

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.