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

Resolute Holdings Management (NYSE:RHLD) released its quarterly earnings results on Thursday. The company reported $0.69 EPS for the quarter, FiscalAI reports. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%. The business had revenue of $509.60 million for the quarter.

Resolute Holdings Management Price Performance

RHLD traded up $23.73 during trading on Friday, reaching $153.66. The stock had a trading volume of 288,022 shares, compared to its average volume of 115,669. The business has a 50-day moving average of $123.31 and a 200-day moving average of $140.37. Resolute Holdings Management has a one year low of $96.79 and a one year high of $236.19. 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 stock has a market cap of $1.20 billion, a PE ratio of 32.55 and a beta of -0.83.

Analyst Ratings Changes

A number of research firms have issued reports on RHLD. Weiss Ratings cut Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded 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”.

Insider Buying and Selling at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 375 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $117.84 per share, with a total value of $44,190.00. Following the purchase, the chief financial officer owned 3,225 shares of the company’s stock, valued at approximately $380,034. This trade represents a 13.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 52.80% of the company’s stock.

Institutional Investors Weigh In On Resolute Holdings Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Resolute Holdings Management by 23.8% in the third quarter. Russell Investments Group Ltd. now owns 15,524 shares of the company’s stock worth $1,836,000 after purchasing an additional 2,987 shares during the period. MGO One Seven LLC bought a new stake in shares of Resolute Holdings Management in the 3rd quarter worth $793,000. Leo Wealth LLC purchased a new position in shares of Resolute Holdings Management in the third quarter worth $1,455,000. Tikvah Management LLC raised its stake in shares of Resolute Holdings Management by 11.6% in the second quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock worth $31,663,000 after purchasing an additional 22,785 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Resolute Holdings Management during the second quarter valued at $302,000.

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.