Resolute Holdings Management (NYSE:RHLD) Stock Price Down 9.8% – Here’s What Happened

Shares of Resolute Holdings Management, Inc. (NYSE:RHLD) dropped 9.8% during mid-day trading on Thursday . The stock traded as low as $190.01 and last traded at $188.47. Approximately 50,621 shares traded hands during trading, a decline of 62% from the average daily volume of 133,341 shares. The stock had previously closed at $208.95.

Wall Street Analysts Forecast Growth

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

Resolute Holdings Management Trading Down 11.4%

The company’s fifty day simple moving average is $184.42 and its 200-day simple moving average is $102.23. The firm has a market capitalization of $1.58 billion and a PE ratio of -374.54. The company has a debt-to-equity ratio of 4.17, a current ratio of 3.67 and a quick ratio of 3.05.

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

Insider Buying and Selling

In other news, Director Timothy O. Mahoney acquired 3,268 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $152.98 per share, for a total transaction of $499,938.64. Following the acquisition, the director owned 9,207 shares of the company’s stock, valued at approximately $1,408,486.86. This trade represents a 55.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kurt Schoen bought 900 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $149.23 per share, with a total value of $134,307.00. Following the acquisition, the chief financial officer directly owned 1,900 shares of the company’s stock, valued at approximately $283,537. This represents a 90.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 11,107 shares of company stock worth $1,800,036 over the last ninety days. Corporate insiders own 50.80% of the company’s stock.

Hedge Funds Weigh In On Resolute Holdings Management

An institutional investor recently bought a new position in Resolute Holdings Management stock. JPMorgan Chase & Co. acquired a new stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,400 shares of the company’s stock, valued at approximately $173,000.

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.