Balance Capital Partners L.P. acquired a new stake in Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 64,526 shares of the company's stock, valued at approximately $9,325,943. Resolute Holdings Management accounts for 0.0% of Balance Capital Partners L.P.'s holdings, making the stock its 3rd biggest holding. Balance Capital Partners L.P. owned approximately 0.83% of Resolute Holdings Management at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of Resolute Holdings Management in the 4th quarter valued at $27,000. KBC Group NV purchased a new stake in shares of Resolute Holdings Management in the 1st quarter valued at $25,000. Gamco Investors INC. ET AL raised its holdings in shares of Resolute Holdings Management by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company's stock valued at $3,116,000 after buying an additional 200 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Resolute Holdings Management in the 4th quarter valued at $52,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Resolute Holdings Management in the 4th quarter valued at $54,000.
Insider Buying and Selling
In related news, CFO Kurt Schoen bought 375 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the purchase, the chief financial officer directly owned 3,225 shares of the company's stock, valued at $380,034. This trade represents a 13.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 52.80% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms recently issued reports on RHLD. Weiss Ratings reiterated a "sell (e+)" rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen upgraded Resolute Holdings Management from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Resolute Holdings Management has an average rating of "Sell".
Get Our Latest Report on Resolute Holdings Management
Resolute Holdings Management Trading Up 1.3%
RHLD opened at $135.53 on Friday. Resolute Holdings Management, Inc. has a 12 month low of $62.56 and a 12 month high of $236.19. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 24.96 and a beta of -1.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.82. The business has a fifty day moving average price of $133.63 and a 200 day moving average price of $141.24.
Resolute Holdings Management (NYSE:RHLD - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.69 EPS for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.The firm had revenue of $473.20 million during the quarter.
About Resolute Holdings Management
(
Free Report)
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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