Resolute Holdings Management (NYSE:RHLD) Shares Climb 10.6% – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price rose 10.6% during mid-day trading on Friday. The stock traded as high as $142.30 and last traded at $143.6620. 53,032 shares traded hands during trading, a decline of 69% from the average daily volume of 169,561 shares. The stock had previously closed at $129.93.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RHLD shares. Weiss Ratings downgraded shares of Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Resolute Holdings Management presently has a consensus rating of “Sell”.

Resolute Holdings Management Price Performance

The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.28 and a beta of -0.83. The company has a 50 day moving average of $122.93 and a 200 day moving average of $140.68. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71.

Resolute Holdings Management (NYSE:RHLD) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.69 earnings per share (EPS) for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%. The firm had revenue of $509.60 million for the quarter.

Insider Activity at Resolute Holdings Management

In related news, CFO Kurt Schoen acquired 375 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $117.84 per share, for a total transaction of $44,190.00. Following the acquisition, the chief financial officer directly owned 3,225 shares in the company, valued at approximately $380,034. The trade was a 13.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 52.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Resolute Holdings Management

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Resolute Holdings Management during the second quarter worth approximately $45,305,000. J. Goldman & Co LP purchased a new position in Resolute Holdings Management during the second quarter worth approximately $34,747,000. Balance Capital Partners L.P. purchased a new position in Resolute Holdings Management during the second quarter worth approximately $9,325,943. Corsair Capital Management L.P. boosted its holdings in shares of Resolute Holdings Management by 24.7% in the 1st quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock valued at $42,050,000 after purchasing an additional 51,317 shares during the last quarter. Finally, Pillsbury Lake Capital LLC acquired a new position in shares of Resolute Holdings Management in the 2nd quarter valued at $6,961,287.

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.