John Cote Acquires 552 Shares of Resolute Holdings Management (NYSE:RHLD) Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) Director John Cote acquired 552 shares of the stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of $142.29 per share, with a total value of $78,544.08. Following the purchase, the director directly owned 552 shares of the company’s stock, valued at $78,544.08. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Resolute Holdings Management Trading Up 7.3%

NYSE RHLD traded up $10.62 on Wednesday, hitting $156.26. The company’s stock had a trading volume of 37,872 shares, compared to its average volume of 183,425. The company has a quick ratio of 3.27, a current ratio of 3.84 and a debt-to-equity ratio of 2.18. Resolute Holdings Management, Inc. has a 1-year low of $24.22 and a 1-year high of $236.19. The company’s 50-day moving average is $187.33 and its 200 day moving average is $151.63. The firm has a market cap of $1.32 billion and a PE ratio of -226.46.

Institutional Investors Weigh In On Resolute Holdings Management

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in Resolute Holdings Management during the 4th quarter valued at about $27,000. GAMMA Investing LLC purchased a new position in shares of Resolute Holdings Management during the fourth quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new stake in Resolute Holdings Management during the fourth quarter worth $52,000. California State Teachers Retirement System purchased a new stake in Resolute Holdings Management in the 4th quarter valued at $54,000. Finally, Atlas Capital Advisors Inc. bought a new position in Resolute Holdings Management during the 4th quarter valued at $86,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.