Resolute Holdings Management (NYSE:RHLD) Stock Price Down 5.4% – Time to Sell?

Shares of Resolute Holdings Management, Inc. (NYSE:RHLD) were down 5.4% during mid-day trading on Thursday . The company traded as low as $154.96 and last traded at $153.8550. Approximately 140,236 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 200,151 shares. The stock had previously closed at $162.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Resolute Holdings Management has a consensus rating of “Sell”.

Resolute Holdings Management Stock Down 4.0%

The stock’s fifty day moving average price is $175.65 and its 200 day moving average price is $158.01. The company has a current ratio of 3.84, a quick ratio of 3.27 and a debt-to-equity ratio of 2.18. The stock has a market cap of $1.32 billion and a P/E ratio of -224.87.

Insider Activity at Resolute Holdings Management

In other news, Director Jane J. Thompson sold 1,850 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $124.42, for a total value of $230,177.00. Following the completion of the transaction, the director directly owned 6,273 shares in the company, valued at approximately $780,486.66. This represents a 22.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Cote acquired 552 shares of Resolute Holdings Management stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $142.29 per share, for a total transaction of $78,544.08. Following the completion of the transaction, the director directly owned 552 shares in the company, valued at approximately $78,544.08. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. 51.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RHLD. JPMorgan Chase & Co. purchased a new position in shares of Resolute Holdings Management in the third quarter valued at about $173,000. GAMMA Investing LLC purchased a new stake in shares of Resolute Holdings Management during the fourth quarter worth about $35,000. SG Americas Securities LLC bought a new stake in shares of Resolute Holdings Management in the fourth quarter worth about $267,000. Leo Wealth LLC purchased a new position in Resolute Holdings Management during the 4th quarter valued at about $2,238,000. Finally, State of Alaska Department of Revenue purchased a new position in Resolute Holdings Management during the 4th quarter valued at about $282,000.

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.