Resolute Holdings Management (NYSE:RHLD) Stock Price Down 5.7% – Time to Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price dropped 5.7% on Wednesday . The stock traded as low as $133.23 and last traded at $136.4240. Approximately 101,654 shares were traded during trading, a decline of 44% from the average session volume of 182,866 shares. The stock had previously closed at $144.64.

Analyst Ratings Changes

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

Resolute Holdings Management Price Performance

The company’s 50-day moving average price is $133.49 and its two-hundred day moving average price is $141.28. 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 company has a market capitalization of $1.05 billion, a P/E ratio of 24.79 and a beta of -1.30.

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

Insider Transactions at Resolute Holdings Management

In related news, CFO Kurt Schoen acquired 375 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average cost of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the transaction, the chief financial officer directly owned 3,225 shares of the company’s stock, valued at approximately $380,034. The trade was a 13.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Resolute Holdings Management

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of Resolute Holdings Management during the fourth quarter worth approximately $27,000. CWM LLC bought a new stake in Resolute Holdings Management in the 4th quarter valued at $189,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Resolute Holdings Management in the 4th quarter valued at $1,448,000. Vanguard Group Inc. acquired a new position in Resolute Holdings Management in the 4th quarter valued at $47,149,000. Finally, UBS Group AG acquired a new position in Resolute Holdings Management in the 4th quarter valued at $28,228,000.

Resolute Holdings Management Company 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.