Krishna Mikkilineni Purchases 921 Shares of Resolute Holdings Management (NYSE:RHLD) Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) Director Krishna Mikkilineni acquired 921 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $108.52 per share, with a total value of $99,946.92. Following the completion of the transaction, the director owned 1,145 shares in the company, valued at approximately $124,255.40. This represents a 411.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Resolute Holdings Management Stock Performance

RHLD stock opened at $102.99 on Friday. The stock has a 50-day moving average price of $143.81 and a 200-day moving average price of $171.10. Resolute Holdings Management, Inc. has a 1-year low of $28.92 and a 1-year high of $236.19. The company has a current ratio of 1.59, a quick ratio of 3.27 and a debt-to-equity ratio of 0.71. The firm has a market cap of $850.69 million, a PE ratio of 14.95 and a beta of -1.21.

Institutional Trading of Resolute Holdings Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in Resolute Holdings Management in the 4th quarter valued at about $27,000. KBC Group NV bought a new stake in Resolute Holdings Management in the 1st quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in Resolute Holdings Management in the 4th quarter valued at about $35,000. Gamco Investors INC. ET AL increased its position in Resolute Holdings Management by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock valued at $3,116,000 after buying an additional 200 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Resolute Holdings Management in the 4th quarter valued at about $52,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on RHLD. Wall Street Zen lowered Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings lowered 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.