Resolute Holdings Management (NYSE:RHLD) Trading Down 8.5% – What’s Next?

Resolute Holdings Management, Inc. (NYSE:RHLD) shares dropped 8.5% during trading on Monday . The company traded as low as $111.26 and last traded at $108.85. Approximately 17,604 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 189,627 shares. The stock had previously closed at $118.98.

Analyst Ratings Changes

RHLD has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Resolute Holdings Management Stock Performance

The stock has a market capitalization of $936.22 million, a price-to-earnings ratio of 16.45 and a beta of -1.63. The company has a current ratio of 1.59, a quick ratio of 0.89 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $135.90 and its two-hundred day moving average is $170.32.

Insider Buying and Selling at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 500 shares of Resolute Holdings Management stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of $141.51 per share, for a total transaction of $70,755.00. Following the purchase, the chief financial officer directly owned 2,400 shares in the company, valued at approximately $339,624. This represents a 26.32% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John D. Cote acquired 552 shares of Resolute Holdings Management stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $142.29 per share, with a total value of $78,544.08. Following the completion of the purchase, the director owned 552 shares in the company, valued at approximately $78,544.08. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 2,423 shares of company stock valued at $297,999. Corporate insiders own 52.80% of the company’s stock.

Hedge Funds Weigh In On Resolute Holdings Management

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake 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 worth $3,201,000 after buying an additional 12,060 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Resolute Holdings Management during the 1st quarter worth about $342,000. California State Teachers Retirement System boosted its stake in shares of Resolute Holdings Management by 1,497.3% during the 1st quarter. California State Teachers Retirement System now owns 4,169 shares of the company’s stock worth $677,000 after buying an additional 3,908 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Resolute Holdings Management by 59.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,130 shares of the company’s stock worth $346,000 after buying an additional 798 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Resolute Holdings Management by 38.9% during the 1st quarter. Quantinno Capital Management LP now owns 6,277 shares of the company’s stock worth $1,019,000 after buying an additional 1,757 shares during the last quarter.

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.