Locust Wood Capital Advisers LLC Buys Shares of 543,969 Resolute Holdings Management, Inc. $RHLD

Locust Wood Capital Advisers LLC purchased a new stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 543,969 shares of the company’s stock, valued at approximately $112,292,000. Resolute Holdings Management comprises about 2.7% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 18th biggest holding. Locust Wood Capital Advisers LLC owned about 6.38% of Resolute Holdings Management as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RHLD. Farther Finance Advisors LLC purchased a new stake in Resolute Holdings Management in the fourth quarter worth approximately $27,000. GAMMA Investing LLC bought a new position in shares of Resolute Holdings Management during the 4th quarter valued at $35,000. Wolverine Asset Management LLC bought a new position in shares of Resolute Holdings Management during the 4th quarter valued at $127,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Resolute Holdings Management by 2,885.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 806 shares of the company’s stock worth $166,000 after buying an additional 779 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Resolute Holdings Management in the third quarter worth $173,000.

Resolute Holdings Management Price Performance

Shares of Resolute Holdings Management stock opened at $117.31 on Monday. The stock has a market cap of $969.01 million, a P/E ratio of 17.03 and a beta of -1.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.89 and a current ratio of 1.59. The stock’s fifty day moving average is $132.38 and its 200 day moving average is $169.03. Resolute Holdings Management, Inc. has a one year low of $28.92 and a one year high of $236.19.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RHLD shares. Wall Street Zen cut Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded 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.com, the stock currently has an average rating of “Sell”.

Insider Buying and Selling

In related news, CFO Kurt Schoen acquired 500 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $141.51 per share, with a total value of $70,755.00. Following the completion of the purchase, the chief financial officer directly owned 2,400 shares of the company’s stock, valued at $339,624. This represents a 26.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Cote acquired 552 shares of the stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of $142.29 per share, for a total transaction of $78,544.08. Following the completion of the transaction, the director owned 552 shares in the company, valued at approximately $78,544.08. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 2,423 shares of company stock worth $297,999 over the last ninety days. 52.80% of the stock is owned by corporate insiders.

Resolute Holdings Management 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.