Resolute Holdings Management (NYSE:RHLD) Trading Down 6.7% – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD) shares fell 6.7% during mid-day trading on Wednesday . The stock traded as low as $209.00 and last traded at $207.2750. 108,233 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 149,809 shares. The stock had previously closed at $222.08.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67. The company has a market cap of $1.76 billion and a price-to-earnings ratio of -420.86. The firm’s 50-day moving average price is $192.41 and its 200 day moving average price is $107.76.

Resolute Holdings Management (NYSE:RHLD) last released its earnings results on Monday, November 3rd. The company reported $0.13 EPS for the quarter. The firm had revenue of $120.87 million during the quarter. Resolute Holdings Management had a net margin of 23.82% and a negative return on equity of 646.55%.

Insider Activity

In related news, Director Timothy O. Mahoney bought 5,939 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $168.52 per share, for a total transaction of $1,000,840.28. Following the transaction, the director owned 5,939 shares of the company’s stock, valued at $1,000,840.28. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt Schoen purchased 1,000 shares of the stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $164.95 per share, with a total value of $164,950.00. Following the completion of the purchase, the chief financial officer owned 1,000 shares in the company, valued at $164,950. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 11,107 shares of company stock worth $1,800,036 in the last three months. Insiders own 50.80% of the company’s stock.

Institutional Trading of Resolute Holdings Management

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Resolute Holdings Management in the fourth quarter valued at about $35,000. JPMorgan Chase & Co. acquired a new stake in shares of Resolute Holdings Management during the third quarter worth about $173,000. Finally, SG Americas Securities LLC bought a new position in shares of Resolute Holdings Management during the 4th quarter valued at about $267,000.

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.