Vanguard Group Inc. Buys New Position in Resolute Holdings Management, Inc. $RHLD

Vanguard Group Inc. purchased a new stake in Resolute Holdings Management, Inc. (NYSE:RHLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 228,403 shares of the company’s stock, valued at approximately $47,149,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at $35,000. CWM LLC acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at $189,000. SG Americas Securities LLC acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at $267,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at $282,000.

Resolute Holdings Management Stock Down 3.6%

RHLD opened at $102.99 on Friday. Resolute Holdings Management, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $236.19. The business has a 50-day moving average of $143.81 and a 200-day moving average of $171.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 3.27. The company has a market capitalization of $850.69 million, a PE ratio of 14.95 and a beta of -1.21.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RHLD shares. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Transactions at Resolute Holdings Management

In other news, Director Krishna Mikkilineni purchased 921 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $108.52 per share, with a total value of $99,946.92. Following the purchase, the director directly owned 1,145 shares of the company’s stock, valued at approximately $124,255.40. This trade represents a 411.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John D. Cote acquired 552 shares of the stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of $142.29 per share, for a total transaction of $78,544.08. Following the acquisition, the director owned 552 shares in the company, valued at $78,544.08. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 2,423 shares of company stock valued at $297,999 over the last 90 days. Company insiders own 52.80% of the company’s stock.

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.