J. Goldman & Co LP Invests $34.75 Million in Resolute Holdings Management, Inc. $RHLD

J. Goldman & Co LP bought a new stake in Resolute Holdings Management, Inc. (NYSE:RHLDFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 240,415 shares of the company’s stock, valued at approximately $34,747,000. Resolute Holdings Management accounts for 0.9% of J. Goldman & Co LP’s investment portfolio, making the stock its 19th biggest holding. J. Goldman & Co LP owned approximately 3.07% of Resolute Holdings Management as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV bought a new position in shares of Resolute Holdings Management during the first quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new position in Resolute Holdings Management in the 4th quarter worth about $27,000. Kestra Advisory Services LLC bought a new position in Resolute Holdings Management during the 4th quarter valued at about $52,000. California State Teachers Retirement System purchased a new stake in shares of Resolute Holdings Management during the 4th quarter valued at about $54,000. Finally, Bard Associates Inc. bought a new stake in shares of Resolute Holdings Management in the second quarter worth approximately $84,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on Resolute Holdings Management

Insider Activity

In other Resolute Holdings Management news, CFO Kurt Schoen bought 375 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the transaction, the chief financial officer owned 3,225 shares of the company’s stock, valued at $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 accessible through the SEC website. Insiders own 52.80% of the company’s stock.

Resolute Holdings Management Stock Up 12.3%

RHLD stock opened at $144.48 on Wednesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 26.61 and a beta of -1.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. The business’s 50-day moving average is $133.22 and its two-hundred day moving average is $142.04. Resolute Holdings Management, Inc. has a fifty-two week low of $57.00 and a fifty-two week high of $236.19.

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

Resolute Holdings Management Company Profile

(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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Institutional Ownership by Quarter for Resolute Holdings Management (NYSE:RHLD)

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