Resolute Holdings Management (NYSE:RHLD) Stock Price Up 6.9% Following Insider Buying Activity

Resolute Holdings Management, Inc. (NYSE:RHLD) shares rose 6.9% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $137.00 and last traded at $137.4990. 30,355 shares were traded during mid-day trading, a decline of 83% from the average session volume of 182,125 shares. The stock had previously closed at $128.68.

Specifically, CFO Kurt Schoen acquired 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, for a total transaction of $44,190.00. Following the completion of the purchase, the chief financial officer directly owned 3,225 shares of the company’s stock, valued at approximately $380,034. This represents a 13.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

RHLD has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen raised shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Resolute Holdings Management Price Performance

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 company has a market cap of $1.09 billion, a price-to-earnings ratio of 25.72 and a beta of -1.29. The business has a fifty day moving average price of $132.81 and a 200 day moving average price of $142.33.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RHLD. Farther Finance Advisors LLC acquired a new stake in shares of Resolute Holdings Management in the 4th quarter valued at approximately $27,000. KBC Group NV acquired a new position in Resolute Holdings Management during the 1st quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new position in Resolute Holdings Management during the 4th quarter worth approximately $52,000. California State Teachers Retirement System bought a new position in Resolute Holdings Management in the 4th quarter valued at approximately $54,000. Finally, Atlas Capital Advisors Inc. bought a new position in Resolute Holdings Management in the 4th quarter valued at approximately $86,000.

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.