Resolute Holdings Management (NYSE:RHLD) Issues Quarterly Earnings Results

Resolute Holdings Management (NYSE:RHLD) announced its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. Resolute Holdings Management had a net margin of 23.82% and a negative return on equity of 646.55%. The business had revenue of $117.71 million for the quarter.

Resolute Holdings Management Stock Performance

Shares of NYSE:RHLD traded down $11.04 during trading on Thursday, reaching $142.64. 13,916 shares of the stock were exchanged, compared to its average volume of 172,545. Resolute Holdings Management has a 12 month low of $24.22 and a 12 month high of $236.19. The stock has a 50-day moving average price of $193.03 and a 200-day moving average price of $149.39. The company has a current ratio of 3.67, a quick ratio of 3.05 and a debt-to-equity ratio of 4.17. The firm has a market cap of $1.21 billion and a PE ratio of -294.05.

Institutional Trading of Resolute Holdings Management

Several hedge funds have recently added to or reduced their stakes in RHLD. Locust Wood Capital Advisers LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at $112,292,000. Balance Capital Partners L.P. acquired a new stake in shares of Resolute Holdings Management during the fourth quarter worth $52,169,000. Vanguard Group Inc. acquired a new stake in shares of Resolute Holdings Management during the fourth quarter worth $47,149,000. Corsair Capital Management L.P. bought a new stake in shares of Resolute Holdings Management in the fourth quarter valued at about $42,891,000. Finally, UBS Group AG bought a new stake in shares of Resolute Holdings Management in the fourth quarter valued at about $28,228,000.

Analysts Set New Price Targets

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