Resolute Holdings Management (NYSE:RHLD) Stock Price Down 6.7% – What’s Next?

Shares of Resolute Holdings Management, Inc. (NYSE:RHLDGet Free Report) traded down 6.7% on Monday . The company traded as low as $126.24 and last traded at $124.9390. 20,702 shares were traded during trading, a decline of 89% from the average daily volume of 189,623 shares. The stock had previously closed at $133.96.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Analysis on RHLD

Resolute Holdings Management Trading Down 1.2%

The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 19.20 and a beta of -1.62. The business has a 50 day moving average price of $123.59 and a 200-day moving average price of $163.23.

Insider Activity at Resolute Holdings Management

In other news, Director Krishna Mikkilineni acquired 921 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $108.52 per share, with a total value of $99,946.92. Following the completion of the transaction, the director directly owned 1,145 shares of the company’s stock, valued at $124,255.40. The trade was a 411.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kurt Schoen bought 450 shares of Resolute Holdings Management stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $108.34 per share, for a total transaction of $48,753.00. Following the completion of the transaction, the chief financial officer owned 2,850 shares of the company’s stock, valued at approximately $308,769. This represents a 18.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 52.80% of the company’s stock.

Institutional Investors Weigh In On Resolute Holdings Management

A number of large investors have recently added to or reduced their stakes in RHLD. Farther Finance Advisors LLC purchased a new stake in Resolute Holdings Management during the 4th quarter worth $27,000. KBC Group NV acquired a new position in Resolute Holdings Management in the 1st quarter worth $25,000. GAMMA Investing LLC purchased a new position in Resolute Holdings Management in the 4th quarter valued at about $35,000. Gamco Investors INC. ET AL boosted 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 during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Resolute Holdings Management during the fourth quarter valued at about $52,000.

Resolute Holdings Management Company Profile

(Get Free Report)

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.

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