Resolute Holdings Management (NYSE:RHLD) Trading 10.1% Higher – Should You Buy?

Shares of Resolute Holdings Management, Inc. (NYSE:RHLD) were up 10.1% during mid-day trading on Thursday . The stock traded as high as $224.67 and last traded at $226.4660. Approximately 73,193 shares were traded during trading, a decline of 49% from the average daily volume of 144,557 shares. The stock had previously closed at $205.74.

Wall Street Analyst Weigh In

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, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Resolute Holdings Management Trading Up 10.5%

The company has a 50 day moving average of $193.26 and a two-hundred day moving average of $108.44. The stock has a market capitalization of $1.94 billion and a PE ratio of -464.07. The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67.

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. Resolute Holdings Management had a negative return on equity of 646.55% and a net margin of 23.82%.The business had revenue of $120.87 million during the quarter.

Insiders Place Their Bets

In other news, CFO Kurt Schoen bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $164.95 per share, with a total value of $164,950.00. Following the transaction, the chief financial officer directly owned 1,000 shares in the company, valued at approximately $164,950. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy O. Mahoney bought 5,939 shares of Resolute Holdings Management stock in a transaction that occurred on 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 purchase, the director directly owned 5,939 shares in the company, valued at $1,000,840.28. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 11,107 shares of company stock valued at $1,800,036. Corporate insiders own 50.80% of the company’s stock.

Institutional Investors Weigh In On Resolute Holdings Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of Resolute Holdings Management in the 3rd quarter valued at about $173,000. GAMMA Investing LLC acquired a new stake in Resolute Holdings Management during the fourth quarter worth about $35,000. Finally, SG Americas Securities LLC purchased a new position in Resolute Holdings Management during the fourth quarter valued at approximately $267,000.

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.