Resolute Holdings Management, Inc. $RHLD Stake Cut by Newtyn Management LLC

Newtyn Management LLC lessened its holdings in Resolute Holdings Management, Inc. (NYSE:RHLD) by 16.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,423 shares of the company’s stock after selling 40,000 shares during the quarter. Resolute Holdings Management makes up about 3.7% of Newtyn Management LLC’s investment portfolio, making the stock its 12th largest holding. Newtyn Management LLC owned about 2.59% of Resolute Holdings Management worth $29,256,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Locust Wood Capital Advisers LLC acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at about $112,292,000. BlackRock Inc. bought a new position in Resolute Holdings Management in the second quarter worth about $45,305,000. Corsair Capital Management L.P. boosted its stake in Resolute Holdings Management by 24.7% in the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock valued at $42,050,000 after acquiring an additional 51,317 shares during the period. Balance Capital Partners L.P. acquired a new position in Resolute Holdings Management in the fourth quarter valued at approximately $52,169,000. Finally, J. Goldman & Co LP bought a new position in shares of Resolute Holdings Management during the second quarter valued at approximately $34,747,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RHLD shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen raised shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

Shares of RHLD stock opened at $135.53 on Monday. Resolute Holdings Management, Inc. has a 12-month low of $62.56 and a 12-month high of $236.19. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 24.96 and a beta of -1.29. The business has a 50 day simple moving average of $133.63 and a 200 day simple moving average of $140.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.82.

Resolute Holdings Management (NYSE:RHLD) last posted its earnings results on Thursday, August 6th. The company reported $0.69 EPS for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.The firm had revenue of $473.20 million for the quarter.

Insider Activity at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen purchased 375 shares of the stock in a transaction dated Thursday, August 20th. The shares were bought 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 owned 3,225 shares of the company’s stock, valued at approximately $380,034. This trade represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.80% of the company’s stock.

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.