Swiss National Bank Takes Position in Resolute Holdings Management, Inc. $RHLD

Swiss National Bank purchased a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,500 shares of the company’s stock, valued at approximately $1,380,000.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in Resolute Holdings Management in the fourth quarter valued at $27,000. Kestra Advisory Services LLC bought a new position in Resolute Holdings Management during the 4th quarter worth $52,000. California State Teachers Retirement System acquired a new position in Resolute Holdings Management during the 4th quarter worth about $54,000. Atlas Capital Advisors Inc. acquired a new position in Resolute Holdings Management during the 4th quarter worth about $86,000. Finally, Bard Associates Inc. bought a new stake in shares of Resolute Holdings Management in the 4th quarter valued at about $120,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RHLD shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a research note 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, Resolute Holdings Management currently has a consensus rating of “Sell”.

Resolute Holdings Management Trading Down 2.2%

NYSE:RHLD opened at $123.95 on Friday. Resolute Holdings Management, Inc. has a 52 week low of $38.70 and a 52 week high of $236.19. 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 firm’s fifty day moving average is $129.25 and its 200-day moving average is $151.28. The firm has a market cap of $1.02 billion, a P/E ratio of 17.99 and a beta of -1.65.

Insiders Place Their Bets

In other news, Director Krishna Mikkilineni bought 921 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the completion of the acquisition, the director directly owned 1,145 shares in the company, valued at approximately $124,255.40. This represents a 411.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt Schoen purchased 450 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $108.34 per share, for a total transaction of $48,753.00. Following the transaction, the chief financial officer directly owned 2,850 shares of the company’s stock, valued at approximately $308,769. The trade was a 18.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 52.80% of the stock is owned by company insiders.

About Resolute Holdings Management

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.