12,305 Shares of Resolute Holdings Management, Inc. $RHLD Acquired by Leo Wealth LLC

Key Points

• Leo Wealth LLC acquired 12,305 RHLD shares worth approximately $1.46 million in the third quarter, representing about 0.16% of Resolute Holdings Management. Other institutions, including BlackRock and J. Goldman & Co., also established significant positions.
• RHLD traded at $119.86, near the lower half of its 52-week range of $70.06 to $236.19. The company had a market capitalization of approximately $937 million and a price-to-earnings ratio of 20.19.
• CFO Kurt Schoen increased his holdings by 13.16% through an insider purchase, while insiders collectively own 52.8% of the stock. Analyst sentiment remains negative, with the shares carrying a consensus “Sell” rating.

Leo Wealth LLC bought a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,305 shares of the company's stock, valued at approximately $1,455,000. Leo Wealth LLC owned approximately 0.16% of Resolute Holdings Management at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Resolute Holdings Management during the 2nd quarter valued at about $45,305,000. J. Goldman & Co LP bought a new position in shares of Resolute Holdings Management in the second quarter valued at approximately $34,747,000. Balance Capital Partners L.P. bought a new position in shares of Resolute Holdings Management in the second quarter valued at approximately $9,325,943. Corsair Capital Management L.P. lifted its holdings in shares of Resolute Holdings Management by 24.7% in the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company's stock valued at $42,050,000 after purchasing an additional 51,317 shares in the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new position in shares of Resolute Holdings Management during the second quarter valued at approximately $6,961,287.

Resolute Holdings Management Trading Up 0.3%

NYSE:RHLD opened at $119.86 on Tuesday. Resolute Holdings Management, Inc. has a 52 week low of $70.06 and a 52 week high of $236.19. The firm has a 50-day moving average price of $124.03 and a two-hundred day moving average price of $144.18. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. The firm has a market cap of $937.31 million, a price-to-earnings ratio of 20.19 and a beta of -0.98.

Insider Buying and Selling at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen bought 375 shares of Resolute Holdings Management stock in a transaction dated Thursday, August 20th. The stock was 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 directly owned 3,225 shares in the company, valued at approximately $380,034. The trade was a 13.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 52.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RHLD has been the subject of several recent research reports. Wall Street Zen upgraded Resolute Holdings Management from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings cut Resolute Holdings Management from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of "Sell".

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.

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