Resolute Holdings Management (NYSE:RHLD) Stock Price Down 7.9% – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLDGet Free Report)’s share price traded down 7.9% during mid-day trading on Wednesday . The stock traded as low as $159.32 and last traded at $156.00. 20,972 shares were traded during mid-day trading, a decline of 88% from the average session volume of 170,383 shares. The stock had previously closed at $169.29.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on RHLD

Resolute Holdings Management Stock Performance

The company has a quick ratio of 3.05, a current ratio of 3.67 and a debt-to-equity ratio of 4.17. The business has a 50 day moving average price of $191.19 and a two-hundred day moving average price of $149.15. The stock has a market cap of $927.87 million and a P/E ratio of -225.52.

Resolute Holdings Management (NYSE:RHLDGet Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. Resolute Holdings Management had a negative return on equity of 646.55% and a net margin of 23.82%.The firm had revenue of $117.71 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RHLD. JPMorgan Chase & Co. bought a new stake in Resolute Holdings Management during the 3rd quarter valued at about $173,000. GAMMA Investing LLC bought a new position in Resolute Holdings Management in the 4th quarter worth about $35,000. SG Americas Securities LLC purchased a new position in shares of Resolute Holdings Management during the fourth quarter worth approximately $267,000. Leo Wealth LLC purchased a new position in shares of Resolute Holdings Management during the fourth quarter worth approximately $2,238,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $282,000.

About Resolute Holdings Management

(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.

See Also

Receive News & Ratings for Resolute Holdings Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Holdings Management and related companies with MarketBeat.com's FREE daily email newsletter.