J. Goldman & Co LP Purchases Shares of 240,415 Resolute Holdings Management, Inc. $RHLD

J. Goldman & Co LP purchased a new position in Resolute Holdings Management, Inc. (NYSE:RHLD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 240,415 shares of the company’s stock, valued at approximately $34,747,000. Resolute Holdings Management makes up 0.9% of J. Goldman & Co LP’s holdings, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of Resolute Holdings Management during the 4th quarter valued at about $27,000. CWM LLC purchased a new stake in Resolute Holdings Management in the 4th quarter worth approximately $189,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Resolute Holdings Management during the 4th quarter worth approximately $1,448,000. Vanguard Group Inc. bought a new stake in Resolute Holdings Management during the 4th quarter worth approximately $47,149,000. Finally, UBS Group AG bought a new stake in Resolute Holdings Management during the 4th quarter worth approximately $28,228,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RHLD. Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Resolute Holdings Management currently has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

NYSE:RHLD opened at $144.48 on Wednesday. The stock has a 50-day moving average price of $133.22 and a 200 day moving average price of $142.04. The stock has a market capitalization of $1.13 billion, a P/E ratio of 26.61 and a beta of -1.30. Resolute Holdings Management, Inc. has a 12-month low of $57.00 and a 12-month high of $236.19. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71.

Resolute Holdings Management (NYSE:RHLD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.69 EPS for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.The company had revenue of $473.20 million for the quarter.

Insider Activity

In related news, CFO Kurt Schoen acquired 375 shares of Resolute Holdings Management stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the transaction, the chief financial officer directly owned 3,225 shares in the company, valued at approximately $380,034. This represents a 13.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 52.80% of the stock is currently owned by insiders.

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.