Ratan Capital Management LP acquired a new stake in Resolute Holdings Management, Inc. (NYSE:RHLD – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,271 shares of the company’s stock, valued at approximately $4,520,000. Resolute Holdings Management accounts for approximately 1.5% of Ratan Capital Management LP’s portfolio, making the stock its 17th biggest holding.
Other hedge funds have also modified their holdings of the company. Corient Private Wealth LP acquired a new position in shares of Resolute Holdings Management in the 2nd quarter valued at $994,000. Pillsbury Lake Capital LLC acquired a new stake in Resolute Holdings Management during the 2nd quarter worth $6,961,287. Balance Capital Partners L.P. purchased a new position in Resolute Holdings Management during the 2nd quarter worth $9,325,943. Bank of America Corp DE purchased a new position in Resolute Holdings Management during the 2nd quarter worth $1,395,000. Finally, Freestone Grove Partners LP acquired a new position in Resolute Holdings Management in the second quarter valued at $352,000.
Resolute Holdings Management Stock Performance
NYSE:RHLD opened at $135.53 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.82. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 24.96 and a beta of -1.30. The firm’s fifty day moving average price is $133.63 and its 200 day moving average price is $141.24. Resolute Holdings Management, Inc. has a 1-year low of $62.56 and a 1-year high of $236.19.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on RHLD shares. 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 reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Research Report on Resolute Holdings Management
Insider Activity
In other news, CFO Kurt Schoen purchased 375 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of the acquisition, the chief financial officer directly owned 3,225 shares of the company’s stock, valued at approximately $380,034. This trade represents a 13.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 52.80% of the stock is currently owned by company insiders.
Resolute Holdings Management Profile
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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