Resolute Holdings Management (NYSE:RHLD) Issues Earnings Results

Resolute Holdings Management (NYSE:RHLD) posted its earnings results on Thursday. The company reported $0.69 earnings per share for the quarter, FiscalAI reports. Resolute Holdings Management had a net margin of 7.70% and a return on equity of 17.89%. The firm had revenue of $473.20 million during the quarter.

Resolute Holdings Management Trading Down 4.8%

Shares of RHLD stock traded down $6.49 during trading hours on Thursday, hitting $129.65. 154,205 shares of the company were exchanged, compared to its average volume of 142,115. The firm has a fifty day moving average of $130.68 and a 200 day moving average of $148.53. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71. Resolute Holdings Management has a 1 year low of $40.21 and a 1 year high of $236.19. The firm has a market cap of $1.07 billion, a PE ratio of 18.82 and a beta of -1.30.

Insider Activity at Resolute Holdings Management

In other news, CFO Kurt Schoen acquired 450 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $108.34 per share, for a total transaction of $48,753.00. Following the acquisition, the chief financial officer directly owned 2,850 shares in the company, valued at approximately $308,769. This represents a 18.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Krishna Mikkilineni bought 921 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $108.52 per share, for a total transaction 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 52.80% of the company’s stock.

Hedge Funds Weigh In On Resolute Holdings Management

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in Resolute Holdings Management during the fourth quarter worth approximately $27,000. KBC Group NV purchased a new stake in Resolute Holdings Management during the 1st quarter worth $25,000. Gamco Investors INC. ET AL increased its holdings in Resolute Holdings Management by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock valued at $3,116,000 after purchasing an additional 200 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Resolute Holdings Management in the fourth quarter valued at about $52,000. Finally, California State Teachers Retirement System acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth about $54,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.