Insider Buying: Resolute Holdings Management (NYSE:RHLD) CFO Acquires $44,190.00 in Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) CFO Kurt Schoen acquired 375 shares of the stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the purchase, the chief financial officer owned 3,225 shares in the company, valued at approximately $380,034. This trade represents a 13.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Resolute Holdings Management Trading Down 5.2%

Shares of RHLD opened at $137.15 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $133.37 and a 200-day simple moving average of $141.70. Resolute Holdings Management, Inc. has a 1 year low of $62.56 and a 1 year high of $236.19. The stock has a market cap of $1.07 billion, a PE ratio of 25.26 and a beta of -1.30.

Resolute Holdings Management (NYSE:RHLD) last issued its quarterly earnings data 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 company had revenue of $473.20 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised 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 note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Resolute Holdings Management

Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Resolute Holdings Management by 15,330.6% in the second quarter. California State Teachers Retirement System now owns 643,303 shares of the company’s stock valued at $92,977,000 after buying an additional 639,134 shares during the period. Locust Wood Capital Advisers LLC bought a new stake in Resolute Holdings Management in the 4th quarter valued at $112,292,000. BlackRock Inc. bought a new stake in Resolute Holdings Management in the 2nd quarter valued at $45,305,000. Corsair Capital Management L.P. boosted its stake in Resolute Holdings Management by 24.7% in the 1st quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock worth $42,050,000 after purchasing an additional 51,317 shares during the period. Finally, Balance Capital Partners L.P. acquired a new position in Resolute Holdings Management in the 4th quarter worth $52,169,000.

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.