Resolute Holdings Management (NYSE:RHLD) Trading 10.1% Higher – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD) shares were up 10.1% on Thursday . The company traded as high as $224.67 and last traded at $226.4660. Approximately 73,193 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 144,557 shares. The stock had previously closed at $205.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Resolute Holdings Management presently has a consensus rating of “Sell”.

Resolute Holdings Management Stock Performance

The stock has a market cap of $1.76 billion and a price-to-earnings ratio of -421.84. The company’s 50-day simple moving average is $195.05 and its 200-day simple moving average is $110.48. The company has a quick ratio of 3.05, a current ratio of 3.67 and a debt-to-equity ratio of 4.17.

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

Insider Activity

In other news, Director Timothy O. Mahoney bought 3,268 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $152.98 per share, with a total value of $499,938.64. Following the purchase, the director directly owned 9,207 shares in the company, valued at $1,408,486.86. This trade represents a 55.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurt Schoen bought 900 shares of Resolute Holdings Management stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $149.23 per share, with a total value of $134,307.00. Following the acquisition, the chief financial officer directly owned 1,900 shares of the company’s stock, valued at approximately $283,537. This represents a 90.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 11,107 shares of company stock worth $1,800,036. Corporate insiders own 50.80% of the company’s stock.

Institutional Investors Weigh In On Resolute Holdings Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of Resolute Holdings Management during the 4th quarter valued at $35,000. JPMorgan Chase & Co. purchased a new stake in shares of Resolute Holdings Management during the third quarter worth $173,000. Finally, SG Americas Securities LLC acquired a new stake in Resolute Holdings Management during the fourth quarter valued at $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.