Resolute Holdings Management (NYSE:RHLD) Announces Quarterly Earnings Results

Resolute Holdings Management (NYSE:RHLD) released its earnings results on Thursday. The company reported $0.69 EPS for the quarter, FiscalAI reports. Resolute Holdings Management had a net margin of 7.70% and a return on equity of 17.89%. The firm had revenue of $473.20 million during the quarter.

Resolute Holdings Management Trading Up 1.4%

Shares of NYSE RHLD traded up $1.84 during trading on Friday, hitting $130.43. 53,832 shares of the company traded hands, compared to its average volume of 182,857. The firm has a market capitalization of $1.08 billion, a P/E ratio of 18.93 and a beta of -1.30. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $130.68 and a 200-day moving average price of $148.53. Resolute Holdings Management has a 1 year low of $40.51 and a 1 year high of $236.19.

Wall Street Analyst Weigh In

RHLD has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen lowered Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Buying and Selling at Resolute Holdings Management

In other news, CFO Kurt Schoen bought 450 shares of Resolute Holdings Management stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $108.34 per share, for a total transaction of $48,753.00. Following the completion of the acquisition, the chief financial officer owned 2,850 shares of the company’s stock, valued at $308,769. The trade was a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Krishna Mikkilineni purchased 921 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $108.52 per share, with a total value of $99,946.92. Following the completion of the purchase, the director directly owned 1,145 shares of the company’s stock, valued at $124,255.40. The trade was a 411.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 52.80% of the company’s stock.

Institutional Trading of Resolute Holdings Management

A number of institutional investors and hedge funds have recently bought and sold shares of RHLD. UBS Group AG purchased a new stake in Resolute Holdings Management during the 4th quarter worth $28,228,000. Truist Financial Corp acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth about $6,140,000. Huntleigh Advisors Inc. purchased a new stake in shares of Resolute Holdings Management in the fourth quarter worth about $801,000. Corsair Capital Management L.P. grew its stake in shares of Resolute Holdings Management by 24.7% in the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock valued at $42,050,000 after buying an additional 51,317 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Resolute Holdings Management during the 1st quarter valued at about $2,250,000.

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.