MGO One Seven LLC Buys New Position in Resolute Holdings Management, Inc. $RHLD

Key Points

• MGO One Seven LLC opened a position in Resolute Holdings Management, buying 6,710 shares worth about $793,000, or 0.09% of the company. Several other institutional investors also recently established stakes.
• Analyst views are cautious: MarketBeat reports a consensus Sell rating, with one analyst rating the stock Sell. Separately, CFO Kurt Schoen bought 375 shares for about $44,190; insiders own 52.8% of the stock.
• RHLD shares rose 18.3% on Friday to $153.66. The company reported quarterly earnings of $0.69 per share and revenue of $509.6 million.

MGO One Seven LLC bought a new position in Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,710 shares of the company's stock, valued at approximately $793,000. MGO One Seven LLC owned 0.09% of Resolute Holdings Management as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in Resolute Holdings Management in the first quarter worth about $25,000. Bard Associates Inc. bought a new stake in shares of Resolute Holdings Management in the 2nd quarter valued at about $84,000. State of Wyoming bought a new stake in shares of Resolute Holdings Management in the 2nd quarter valued at about $149,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Resolute Holdings Management in the 2nd quarter worth approximately $291,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Resolute Holdings Management in the 2nd quarter worth approximately $302,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Resolute Holdings Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings lowered Resolute Holdings Management from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Resolute Holdings Management currently has a consensus rating of "Sell".

Insider Buying and Selling at Resolute Holdings Management

In related news, CFO Kurt Schoen acquired 375 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the acquisition, the chief financial officer directly owned 3,225 shares in the company, valued at $380,034. The trade was a 13.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 52.80% of the company's stock.

Resolute Holdings Management Stock Up 18.3%

Shares of NYSE RHLD traded up $23.73 during trading hours on Friday, hitting $153.66. 288,022 shares of the stock were exchanged, compared to its average volume of 115,669. Resolute Holdings Management, Inc. has a 12 month low of $96.79 and a 12 month high of $236.19. The firm has a fifty day moving average price of $123.31 and a 200-day moving average price of $140.37. 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 company has a market cap of $1.20 billion, a PE ratio of 32.55 and a beta of -0.83.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $509.60 million for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.

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.

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