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

Resolute Holdings Management (NYSE:RHLD) posted its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, FiscalAI reports. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 5.20%. The business had revenue of $473.20 million during the quarter.

Resolute Holdings Management Price Performance

Resolute Holdings Management stock traded up $1.14 during midday trading on Friday, reaching $129.72. The company’s stock had a trading volume of 101,727 shares, compared to its average volume of 142,706. Resolute Holdings Management has a 52 week low of $40.51 and a 52 week high of $236.19. The company has a current ratio of 1.59, a quick ratio of 0.89 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $130.92 and a 200-day moving average price of $148.40. The stock has a market cap of $1.07 billion, a PE ratio of 23.89 and a beta of -1.30.

Insider Activity

In related news, CFO Kurt Schoen bought 450 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $108.34 per share, with a total value of $48,753.00. Following the completion of the acquisition, the chief financial officer owned 2,850 shares of the company’s stock, valued at $308,769. The trade was a 18.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Krishna Mikkilineni purchased 921 shares of Resolute Holdings Management stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the completion of the purchase, the director owned 1,145 shares in the company, valued at $124,255.40. This represents a 411.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 52.80% of the stock is currently owned by insiders.

Institutional Trading of Resolute Holdings Management

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Resolute Holdings Management during the third quarter worth $173,000. SG Americas Securities LLC bought a new position in shares of Resolute Holdings Management in the 4th quarter valued at $267,000. State of Alaska Department of Revenue acquired a new stake in shares of Resolute Holdings Management during the 4th quarter valued at $282,000. Farther Finance Advisors LLC acquired a new stake in shares of Resolute Holdings Management during the 4th quarter valued at $27,000. Finally, CWM LLC bought a new stake in Resolute Holdings Management during the 4th quarter worth $189,000.

Analysts Set New Price Targets

RHLD has been the topic of several analyst reports. Wall Street Zen lowered shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. 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 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.