Resolute Holdings Management (NYSE:RHLD) Stock Price Down 5.7% – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD)’s stock price dropped 5.7% during trading on Wednesday . The stock traded as low as $133.23 and last traded at $136.4240. 101,654 shares changed hands during trading, a decline of 44% from the average session volume of 182,866 shares. The stock had previously closed at $144.64.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of 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 report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Resolute Holdings Management currently has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

The stock has a market capitalization of $1.07 billion, a PE ratio of 25.05 and a beta of -1.30. The business has a 50 day moving average price of $133.22 and a 200 day moving average price of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.82.

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

Insider Buying and Selling

In other news, CFO Kurt Schoen acquired 375 shares of Resolute Holdings Management stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $117.84 per share, for a total transaction of $44,190.00. Following the purchase, the chief financial officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 52.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Resolute Holdings Management by 15,330.6% during the second quarter. California State Teachers Retirement System now owns 643,303 shares of the company’s stock valued at $92,977,000 after buying an additional 639,134 shares during the last quarter. Locust Wood Capital Advisers LLC bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $112,292,000. BlackRock Inc. bought a new stake in shares of Resolute Holdings Management during the second quarter valued at approximately $45,305,000. Balance Capital Partners L.P. purchased a new position in Resolute Holdings Management in the 4th quarter worth approximately $52,169,000. Finally, J. Goldman & Co LP purchased a new position in Resolute Holdings Management in the 2nd quarter worth approximately $34,747,000.

Resolute Holdings Management Company Profile

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.