Resolute Holdings Management (NYSE:RHLD) Shares Down 8.5% – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price fell 8.5% on Monday . The stock traded as low as $111.26 and last traded at $108.85. 17,604 shares traded hands during trading, a decline of 91% from the average session volume of 189,627 shares. The stock had previously closed at $118.98.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Resolute Holdings Management Stock Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $136.90 and its two-hundred day simple moving average is $170.80. The stock has a market cap of $954.07 million, a P/E ratio of 16.86 and a beta of -1.62.

Insider Buying and Selling at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 450 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $108.34 per share, with a total value of $48,753.00. Following the completion of the transaction, the chief financial officer directly owned 2,850 shares in the company, valued at $308,769. This trade represents a 18.75% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jane J. Thompson sold 1,850 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $124.42, for a total transaction of $230,177.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 2,423 shares of company stock worth $297,999. Company insiders own 52.80% of the company’s stock.

Institutional Trading of Resolute Holdings Management

A number of institutional investors have recently made changes to their positions in RHLD. KBC Group NV bought a new stake in shares of Resolute Holdings Management in the first quarter worth $25,000. Farther Finance Advisors LLC bought a new stake in shares of Resolute Holdings Management in the fourth quarter worth $27,000. GAMMA Investing LLC bought a new stake in shares of Resolute Holdings Management in the fourth quarter worth $35,000. Kestra Advisory Services LLC bought a new stake in shares of Resolute Holdings Management in the fourth quarter worth $52,000. Finally, California State Teachers Retirement System bought a new stake in shares of Resolute Holdings Management in the fourth quarter worth $54,000.

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.