Resolute Holdings Management (NYSE:RHLD) Sees Unusually-High Trading Volume – What’s Next?

Resolute Holdings Management, Inc. (NYSE:RHLD) shares saw strong trading volume on Wednesday . Approximately 146,429 shares traded hands during trading, a decline of 23% from the previous session’s volume of 190,828 shares.The stock last traded at $145.9280 and had previously closed at $144.53.

Wall Street Analyst Weigh In

RHLD has been the topic of several research analyst reports. Wall Street Zen cut shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Resolute Holdings Management has a consensus rating of “Sell”.

Resolute Holdings Management Stock Up 0.8%

The firm has a 50 day moving average price of $123.37 and a 200-day moving average price of $162.31. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 21.46 and a beta of -1.63. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 0.89.

Insider Activity

In other Resolute Holdings Management news, CFO Kurt Schoen bought 450 shares of Resolute Holdings Management stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $108.34 per share, with a total value of $48,753.00. Following the purchase, the chief financial officer owned 2,850 shares of the company’s stock, valued at $308,769. This trade represents a 18.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Krishna Mikkilineni bought 921 shares of Resolute Holdings Management stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $108.52 per share, for a total transaction of $99,946.92. Following the purchase, the director directly owned 1,145 shares in the company, valued at approximately $124,255.40. The trade was a 411.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 52.80% of the company’s stock.

Hedge Funds Weigh In On Resolute Holdings Management

Several large investors have recently bought and sold shares of RHLD. Pacer Advisors Inc. bought a new position in Resolute Holdings Management in the first quarter valued at approximately $4,700,000. Bank of America Corp DE raised its position in shares of Resolute Holdings Management by 157.3% during the 1st quarter. Bank of America Corp DE now owns 19,725 shares of the company’s stock valued at $3,201,000 after acquiring an additional 12,060 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Resolute Holdings Management during the 1st quarter valued at $342,000. California State Teachers Retirement System lifted its stake in shares of Resolute Holdings Management by 1,497.3% in the 1st quarter. California State Teachers Retirement System now owns 4,169 shares of the company’s stock valued at $677,000 after purchasing an additional 3,908 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Resolute Holdings Management by 59.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,130 shares of the company’s stock valued at $346,000 after purchasing an additional 798 shares during the period.

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.