Resolute Holdings Management (NYSE:RHLD) Shares Gap Down – Time to Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price gapped down before the market opened on Monday. The stock had previously closed at $117.86, but opened at $113.64. Resolute Holdings Management shares last traded at $111.1890, with a volume of 18,602 shares.

Analysts Set New Price Targets

RHLD has been the topic of a number of research reports. Weiss Ratings downgraded shares of Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Resolute Holdings Management Price Performance

The firm has a market capitalization of $874.78 million, a PE ratio of 20.67 and a beta of -0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. The stock has a fifty day moving average price of $126.05 and a 200-day moving average price of $129.80.

Insider Buying and Selling at Resolute Holdings Management

In related news, CFO Kurt Schoen acquired 375 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $117.84 per share, with a total value of $44,190.00. Following the completion of the transaction, the chief financial officer directly owned 3,225 shares in the company, valued at $380,034. This trade represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 52.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Resolute Holdings Management

A number of large investors have recently added to or reduced their stakes in the company. Tikvah Management LLC lifted its position in shares of Resolute Holdings Management by 11.6% during the second quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock valued at $31,663,000 after buying an additional 22,785 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Resolute Holdings Management in the 2nd quarter valued at about $302,000. Corient Private Wealth LP boosted its holdings in shares of Resolute Holdings Management by 118.4% in the 2nd quarter. Corient Private Wealth LP now owns 6,868 shares of the company’s stock valued at $993,000 after buying an additional 3,724 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Resolute Holdings Management in the 2nd quarter worth approximately $968,000. Finally, Susquehanna International Group LLP grew its position in shares of Resolute Holdings Management by 110.2% in the 2nd quarter. Susquehanna International Group LLP now owns 7,818 shares of the company’s stock worth $1,130,000 after buying an additional 4,098 shares during the last quarter.

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.