Resolute Holdings Management (NYSE:RHLD) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $140.37 and traded as high as $159.36. Resolute Holdings Management shares last traded at $153.6560, with a volume of 288,022 shares trading hands.

Wall Street Analysts Forecast Growth

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

Resolute Holdings Management Stock Performance

The company has a 50 day moving average price of $123.31 and a 200 day moving average price of $140.37. The company has a market capitalization of $1.20 billion, a PE ratio of 32.55 and a beta of -0.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35.

Resolute Holdings Management (NYSE:RHLD) last issued its earnings results on Thursday, November 5th. The company reported $0.69 earnings per share (EPS) for the quarter. Resolute Holdings Management had a net margin of 2.76% and a return on equity of 2.41%. The business had revenue of $509.60 million for the quarter.

Insider Buying and Selling at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen bought 375 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of the acquisition, the chief financial officer owned 3,225 shares of the company’s stock, valued at approximately $380,034. This trade represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 52.80% of the company’s stock.

Institutional Trading of Resolute Holdings Management

A number of institutional investors and hedge funds have recently made changes to their positions in RHLD. BlackRock Inc. bought a new stake in Resolute Holdings Management in the 2nd quarter valued at about $45,305,000. Corsair Capital Management L.P. lifted its holdings in 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 acquiring an additional 51,317 shares during the last quarter. J. Goldman & Co LP bought a new stake in Resolute Holdings Management during the second quarter worth approximately $34,747,000. Tikvah Management LLC boosted its stake in shares of Resolute Holdings Management by 11.6% during the 2nd quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock worth $31,663,000 after acquiring an additional 22,785 shares in the last quarter. Finally, Balance Capital Partners L.P. acquired a new stake in Resolute Holdings Management during the 2nd quarter worth about $9,325,943.

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.