Resolute Holdings Management (NYSE:RHLD) Shares Down 10.2% – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD)’s stock price dropped 10.2% during trading on Tuesday . The stock traded as low as $140.01 and last traded at $140.6470. Approximately 54,085 shares changed hands during trading, a decline of 72% from the average session volume of 190,105 shares. The stock had previously closed at $156.65.

Analysts Set New Price Targets

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

Resolute Holdings Management Stock Down 10.8%

The firm has a fifty day moving average price of $123.91 and a 200-day moving average price of $160.80. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 20.29 and a beta of -1.65.

Insider Activity at Resolute Holdings Management

In other news, CFO Kurt Schoen purchased 450 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $108.34 per share, with a total value of $48,753.00. Following the purchase, the chief financial officer directly owned 2,850 shares of the company’s stock, valued at approximately $308,769. This represents a 18.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Krishna Mikkilineni acquired 921 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $108.52 per share, with a total value of $99,946.92. Following the purchase, the director owned 1,145 shares in the company, valued at $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. 52.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Resolute Holdings Management

Hedge funds have recently added to or reduced their stakes in the stock. Leo Wealth LLC acquired a new stake in Resolute Holdings Management in the fourth quarter worth about $2,238,000. UBS Group AG purchased a new stake in shares of Resolute Holdings Management during the fourth quarter worth $28,228,000. Truist Financial Corp acquired a new stake in Resolute Holdings Management in the fourth quarter valued at approximately $6,140,000. Huntleigh Advisors Inc. bought a new position in shares of Resolute Holdings Management in the 4th quarter valued at approximately $801,000. Finally, Vanguard Group Inc. bought a new stake in Resolute Holdings Management during the fourth quarter valued at about $47,149,000.

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.