BlackRock Inc. Takes $45.30 Million Position in Resolute Holdings Management, Inc. $RHLD

Key Points

• BlackRock bought a new 313,462-share stake in Resolute Holdings Management during the second quarter, valued at approximately $45.3 million and representing 3.79% of the company.
• Resolute reported quarterly revenue of $473.2 million and earnings of $0.69 per share, while its stock opened at $135.18 and has traded between $62.56 and $236.19 over the past year.
• Despite a CFO share purchase and 52.8% insider ownership, analyst sentiment remains negative: the stock carries a consensus “Sell” rating, with one analyst maintaining a Sell recommendation.

BlackRock Inc. bought a new stake in Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 313,462 shares of the company's stock, valued at approximately $45,305,000. BlackRock Inc. owned 3.79% of Resolute Holdings Management as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV acquired a new position in Resolute Holdings Management in the 1st quarter valued at approximately $25,000. Farther Finance Advisors LLC bought a new stake in shares of Resolute Holdings Management in the 4th quarter worth approximately $27,000. Kestra Advisory Services LLC acquired a new stake in shares of Resolute Holdings Management during the 4th quarter worth approximately $52,000. California State Teachers Retirement System acquired a new stake in shares of Resolute Holdings Management during the 4th quarter worth approximately $54,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $86,000.

Resolute Holdings Management Stock Performance

NYSE:RHLD opened at $135.18 on Tuesday. Resolute Holdings Management, Inc. has a 12-month low of $62.56 and a 12-month high of $236.19. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.06 billion, a PE ratio of 24.90 and a beta of -1.29. The firm has a 50-day moving average price of $133.86 and a 200 day moving average price of $140.34.

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

Insider Activity at Resolute Holdings Management

In related news, CFO Kurt Schoen purchased 375 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price 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 in the company, valued at $380,034. This represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 52.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RHLD. Wall Street Zen upgraded Resolute Holdings Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

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.

Want to see what other hedge funds are holding RHLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report).

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