MGO One Seven LLC bought a new position in Resolute Holdings Management, Inc. (NYSE:RHLD – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,710 shares of the company’s stock, valued at approximately $793,000. MGO One Seven LLC owned 0.09% of Resolute Holdings Management as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in Resolute Holdings Management in the first quarter worth about $25,000. Bard Associates Inc. bought a new stake in shares of Resolute Holdings Management in the 2nd quarter valued at about $84,000. State of Wyoming bought a new stake in shares of Resolute Holdings Management in the 2nd quarter valued at about $149,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Resolute Holdings Management in the 2nd quarter worth approximately $291,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Resolute Holdings Management in the 2nd quarter worth approximately $302,000.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings lowered Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Resolute Holdings Management currently has a consensus rating of “Sell”.
Get Our Latest Analysis on RHLD
Insider Buying and Selling at Resolute Holdings Management
In related news, CFO Kurt Schoen acquired 375 shares of the business’s 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 acquisition, the chief financial officer directly owned 3,225 shares in the company, valued at $380,034. The trade was a 13.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 52.80% of the company’s stock.
Resolute Holdings Management Stock Up 18.3%
Shares of NYSE RHLD traded up $23.73 during trading hours on Friday, hitting $153.66. 288,022 shares of the stock were exchanged, compared to its average volume of 115,669. Resolute Holdings Management, Inc. has a 12 month low of $96.79 and a 12 month high of $236.19. The firm has a fifty day moving average price of $123.31 and a 200-day moving average price of $140.37. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.20 billion, a PE ratio of 32.55 and a beta of -0.83.
Resolute Holdings Management (NYSE:RHLD – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $509.60 million for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.
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.
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