Bank of New York Mellon Corp Takes $1.40 Million Position in Resolute Holdings Management, Inc. $RHLD

Bank of New York Mellon Corp acquired a new position in Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,667 shares of the company's stock, valued at approximately $1,397,000. Bank of New York Mellon Corp owned 0.12% of Resolute Holdings Management at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Locust Wood Capital Advisers LLC purchased a new stake in Resolute Holdings Management in the fourth quarter valued at $112,292,000. Balance Capital Partners L.P. purchased a new stake in shares of Resolute Holdings Management in the fourth quarter worth about $52,169,000. Vanguard Group Inc. acquired a new stake in Resolute Holdings Management during the fourth quarter worth about $47,149,000. Corsair Capital Management L.P. acquired a new stake in Resolute Holdings Management during the fourth quarter worth about $42,891,000. Finally, Geode Capital Management LLC purchased a new position in Resolute Holdings Management during the fourth quarter valued at approximately $25,691,000.

Resolute Holdings Management Price Performance

Shares of Resolute Holdings Management stock opened at $135.82 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. Resolute Holdings Management, Inc. has a twelve month low of $63.70 and a twelve month high of $236.19. The business has a 50-day moving average price of $134.12 and a 200 day moving average price of $137.76. The firm has a market cap of $1.06 billion, a PE ratio of 25.01 and a beta of -1.31.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.69 EPS for the quarter. The company had revenue of $473.20 million for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen raised shares of Resolute Holdings Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

Insider Transactions at Resolute Holdings Management

In related news, CFO Kurt Schoen purchased 375 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $117.84 per share, with a total value of $44,190.00. Following the acquisition, the chief financial officer owned 3,225 shares in the company, valued at $380,034. The trade was a 13.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 52.80% of the company's stock.

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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