Tikvah Management LLC Reduces Position in Resolute Holdings Management, Inc. $RHLD

Tikvah Management LLC trimmed its stake in Resolute Holdings Management, Inc. (NYSE:RHLDFree Report) by 24.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,566 shares of the company’s stock after selling 60,580 shares during the quarter. Resolute Holdings Management accounts for 10.2% of Tikvah Management LLC’s portfolio, making the stock its 3rd biggest holding. Tikvah Management LLC’s holdings in Resolute Holdings Management were worth $37,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Resolute Holdings Management during the fourth quarter valued at $27,000. GAMMA Investing LLC bought a new position in shares of Resolute Holdings Management during the fourth quarter valued at $35,000. Kestra Advisory Services LLC bought a new position in shares of Resolute Holdings Management during the fourth quarter valued at $52,000. Atlas Capital Advisors Inc. bought a new position in shares of Resolute Holdings Management during the fourth quarter valued at $86,000. Finally, Bard Associates Inc. bought a new position in shares of Resolute Holdings Management during the fourth quarter valued at $120,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RHLD. Weiss Ratings downgraded Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research 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 Research Report on RHLD

Resolute Holdings Management Trading Up 0.3%

Shares of NYSE:RHLD opened at $132.16 on Monday. The company has a market cap of $1.09 billion, a P/E ratio of 19.18 and a beta of -1.62. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 0.89. Resolute Holdings Management, Inc. has a 1 year low of $28.92 and a 1 year high of $236.19. The stock’s fifty day moving average price is $129.09 and its 200-day moving average price is $167.46.

Insider Transactions at Resolute Holdings Management

In other news, CFO Kurt Schoen acquired 450 shares of Resolute Holdings Management stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price 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 in the company, valued at $308,769. The trade was a 18.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Cote acquired 552 shares of Resolute Holdings Management stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $142.29 per share, with a total value of $78,544.08. Following the transaction, the director owned 552 shares of the company’s stock, valued at $78,544.08. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 2,423 shares of company stock worth $297,999 in the last three months. 52.80% of the stock is owned by insiders.

Resolute Holdings Management 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.

Further Reading

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

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