Resolute Holdings Management, Inc. $RHLD Shares Newly Bought by Leo Wealth LLC

Leo Wealth LLC purchased a new stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 12,305 shares of the company’s stock, valued at approximately $1,455,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Tikvah Management LLC boosted its stake in Resolute Holdings Management by 11.6% in the second quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock valued at $31,663,000 after acquiring an additional 22,785 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Resolute Holdings Management during the 2nd quarter valued at approximately $302,000. Corient Private Wealth LP grew its position in shares of Resolute Holdings Management by 118.4% during the 2nd quarter. Corient Private Wealth LP now owns 6,868 shares of the company’s stock valued at $993,000 after acquiring an additional 3,724 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Resolute Holdings Management during the 2nd quarter worth approximately $968,000. Finally, Susquehanna International Group LLP increased its stake in shares of Resolute Holdings Management by 110.2% during the 2nd quarter. Susquehanna International Group LLP now owns 7,818 shares of the company’s stock worth $1,130,000 after purchasing an additional 4,098 shares during the last quarter.

Resolute Holdings Management Stock Performance

NYSE RHLD opened at $119.86 on Tuesday. The company’s 50 day moving average is $124.03 and its 200-day moving average is $144.18. Resolute Holdings Management, Inc. has a 12-month low of $70.06 and a 12-month high of $236.19. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. The firm has a market cap of $937.31 million, a P/E ratio of 20.19 and a beta of -0.98.

Insider Buying and Selling

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $117.84 per share, with a total value of $44,190.00. Following the acquisition, the chief financial officer owned 3,225 shares in the company, valued at approximately $380,034. This represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 52.80% of the company’s stock.

Wall Street Analyst Weigh In

RHLD has been the topic of a number of research reports. Wall Street Zen raised shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Resolute Holdings Management currently has an average rating of “Sell”.

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.