Resolute Holdings Management (NYSE:RHLD) Stock Price Down 7.3% – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD) traded down 7.3% during mid-day trading on Monday . The stock traded as low as $205.00 and last traded at $201.5450. 29,524 shares traded hands during trading, a decline of 61% from the average session volume of 75,961 shares. The stock had previously closed at $217.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Resolute Holdings Management Stock Down 7.6%

The company has a 50-day moving average of $164.61 and a 200-day moving average of $93.26. The company has a current ratio of 3.67, a quick ratio of 3.05 and a debt-to-equity ratio of 4.17. The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of -411.91.

Resolute Holdings Management (NYSE:RHLD) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.13 earnings per share for the quarter. The business had revenue of $120.87 million for the quarter. Resolute Holdings Management had a negative return on equity of 646.55% and a net margin of 23.82%.

Insiders Place Their Bets

In other news, CFO Kurt Schoen purchased 1,000 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average price of $164.95 per share, with a total value of $164,950.00. Following the transaction, the chief financial officer owned 1,000 shares in the company, valued at $164,950. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy O. Mahoney acquired 5,939 shares of Resolute Holdings Management stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $168.52 per share, with a total value of $1,000,840.28. Following the completion of the purchase, the director owned 5,939 shares of the company’s stock, valued at approximately $1,000,840.28. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 11,107 shares of company stock valued at $1,800,036 in the last 90 days. 50.80% of the stock is currently owned by company insiders.

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.