Resolute Holdings Management (NYSE:RHLD) Trading Up 7.7% on Insider Buying Activity

Resolute Holdings Management, Inc. (NYSE:RHLD) rose 7.7% on Monday following insider buying activity. The company traded as high as $111.98 and last traded at $110.6650. Approximately 45,882 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 189,846 shares. The stock had previously closed at $102.80.

Specifically, CFO Kurt Schoen bought 450 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $108.34 per share, for a total transaction of $48,753.00. Following the completion of the purchase, the chief financial officer owned 2,850 shares of the company’s stock, valued at approximately $308,769. This represents a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Krishna Mikkilineni acquired 921 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $108.52 per share, with a total value of $99,946.92. Following the transaction, the director directly owned 1,145 shares of the company’s stock, valued at approximately $124,255.40. This represents a 411.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Analysts Set New Price Targets

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

Resolute Holdings Management Stock Performance

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’s 50 day moving average is $143.81 and its 200 day moving average is $171.78. The stock has a market capitalization of $921.03 million, a PE ratio of 16.19 and a beta of -1.21.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RHLD. Locust Wood Capital Advisers LLC purchased a new position in shares of Resolute Holdings Management during the 4th quarter worth approximately $112,292,000. Corsair Capital Management L.P. raised its holdings in shares of Resolute Holdings Management by 24.7% in the 1st quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock worth $42,050,000 after purchasing an additional 51,317 shares in the last quarter. Balance Capital Partners L.P. purchased a new stake in Resolute Holdings Management in the 4th quarter worth approximately $52,169,000. Vanguard Group Inc. bought a new stake in Resolute Holdings Management during the fourth quarter valued at about $47,149,000. Finally, UBS Group AG acquired a new stake in Resolute Holdings Management in the 4th quarter valued at $28,228,000.

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.