MGO One Seven LLC Makes New Investment in Resolute Holdings Management, Inc. $RHLD

MGO One Seven LLC purchased a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,710 shares of the company’s stock, valued at approximately $793,000.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of Resolute Holdings Management in the first quarter valued at about $25,000. Bard Associates Inc. purchased a new position in shares of Resolute Holdings Management in the second quarter worth about $84,000. State of Wyoming acquired a new stake in shares of Resolute Holdings Management during the second quarter worth about $149,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Resolute Holdings Management during the second quarter worth about $291,000. Finally, Jupiter Topco LLC purchased a new stake in Resolute Holdings Management in the second quarter valued at approximately $302,000.

Insider Activity at Resolute Holdings Management

In related news, CFO Kurt Schoen bought 375 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of the acquisition, the chief financial officer directly owned 3,225 shares in the company, valued at approximately $380,034. The trade was a 13.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on RHLD shares. Wall Street Zen upgraded shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut shares of Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Resolute Holdings Management Stock Performance

NYSE:RHLD traded up $23.73 during mid-day trading on Friday, hitting $153.66. The company’s stock had a trading volume of 288,022 shares, compared to its average volume of 115,669. The business’s fifty day moving average is $123.31 and its two-hundred day moving average is $140.37. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 32.55 and a beta of -0.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.82. Resolute Holdings Management, Inc. has a 1 year low of $96.79 and a 1 year high of $236.19.

Resolute Holdings Management (NYSE:RHLD) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.69 earnings per share for the quarter. The business had revenue of $509.60 million during the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.

Resolute Holdings Management 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.