Resolute Holdings Management (NYSE:RHLD) Shares Down 5.7% – What’s Next?

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price fell 5.7% during mid-day trading on Friday . The company traded as low as $196.12 and last traded at $192.6710. 33,064 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 142,962 shares. The stock had previously closed at $204.21.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Resolute Holdings Management Trading Down 3.4%

The firm has a market capitalization of $1.68 billion and a PE ratio of -402.42. The firm’s 50-day simple moving average is $198.14 and its 200-day simple moving average is $115.33. The company has a quick ratio of 3.05, a current ratio of 3.67 and a debt-to-equity ratio of 4.17.

Resolute Holdings Management (NYSE:RHLD) last issued its earnings results on Monday, November 3rd. The company reported $0.13 earnings per share for the quarter. Resolute Holdings Management had a negative return on equity of 646.55% and a net margin of 23.82%.The company had revenue of $120.87 million during the quarter.

Insider Buying and Selling

In other news, Director Timothy O. Mahoney bought 3,268 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of $152.98 per share, for a total transaction of $499,938.64. Following the completion of the acquisition, the director owned 9,207 shares of the company’s stock, valued at approximately $1,408,486.86. This trade represents a 55.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kurt Schoen purchased 900 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of $149.23 per share, with a total value of $134,307.00. Following the completion of the acquisition, the chief financial officer directly owned 1,900 shares in the company, valued at $283,537. The trade was a 90.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 11,107 shares of company stock valued at $1,800,036. Insiders own 50.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in Resolute Holdings Management in the 4th quarter worth approximately $35,000. SG Americas Securities LLC purchased a new stake in Resolute Holdings Management in the fourth quarter worth $267,000. JPMorgan Chase & Co. purchased a new stake in Resolute Holdings Management in the third quarter worth $173,000. Finally, Leo Wealth LLC bought a new stake in Resolute Holdings Management in the fourth quarter valued at $2,238,000.

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.