Kurt Schoen Acquires 375 Shares of Resolute Holdings Management (NYSE:RHLD) Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) CFO Kurt Schoen purchased 375 shares of Resolute Holdings Management stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the transaction, the chief financial officer owned 3,225 shares in the company, valued at approximately $380,034. The trade was a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Resolute Holdings Management Stock Up 1.1%

RHLD traded up $1.42 during trading hours on Monday, hitting $129.05. 121,431 shares of the company’s stock were exchanged, compared to its average volume of 174,335. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 21.56 and a beta of -1.29. Resolute Holdings Management, Inc. has a 1-year low of $57.00 and a 1-year high of $236.19. The stock’s 50-day moving average is $132.81 and its two-hundred day moving average is $142.33. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71.

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

Institutional Trading of Resolute Holdings Management

A number of hedge funds have recently made changes to their positions in RHLD. California State Teachers Retirement System boosted its holdings in shares of Resolute Holdings Management by 15,330.6% during the 2nd quarter. California State Teachers Retirement System now owns 643,303 shares of the company’s stock worth $92,977,000 after buying an additional 639,134 shares during the period. Susquehanna International Group LLP raised its holdings in Resolute Holdings Management by 110.2% in the 2nd quarter. Susquehanna International Group LLP now owns 7,818 shares of the company’s stock valued at $1,130,000 after acquiring an additional 4,098 shares during the period. Ratan Capital Management LP acquired a new stake in Resolute Holdings Management during the second quarter worth approximately $4,520,000. Corient Private Wealth LP acquired a new stake in Resolute Holdings Management during the second quarter worth approximately $994,000. Finally, Pillsbury Lake Capital LLC bought a new stake in shares of Resolute Holdings Management during the second quarter worth approximately $6,961,287,000.

Analysts Set New Price Targets

A number of research firms have weighed in on RHLD. Wall Street Zen upgraded Resolute Holdings Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.