Pillsbury Lake Capital LLC Invests $6.96 Billion in Resolute Holdings Management, Inc. $RHLD

Key Points

• Pillsbury Lake Capital initiated a position of 48,165 RHLD shares, reported as valued at approximately $6.96 billion, representing 0.62% of the company and 1.9% of the fund’s portfolio. Several other institutional investors also recently purchased or increased positions.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell” rating, while Wall Street Zen upgraded the stock to “hold.” MarketBeat reports an overall average rating of “Sell.”
• RHLD opened at $137.15, well below its 52-week high of $236.19. The company reported quarterly earnings of $0.69 per share on $473.2 million in revenue, while CFO Kurt Schoen recently bought 375 shares.

Pillsbury Lake Capital LLC purchased 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 and Exchange Commission. The fund purchased 48,165 shares of the company's stock, valued at approximately $6,961,287,000. Resolute Holdings Management makes up 1.9% of Pillsbury Lake Capital LLC's investment portfolio, making the stock its 29th largest holding. Pillsbury Lake Capital LLC owned approximately 0.62% of Resolute Holdings Management at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RHLD. Locust Wood Capital Advisers LLC purchased a new position in Resolute Holdings Management in the fourth quarter worth about $112,292,000. BlackRock Inc. bought a new stake in shares of Resolute Holdings Management during the second quarter valued at approximately $45,305,000. Corsair Capital Management L.P. increased its position in shares of Resolute Holdings Management by 24.7% during the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company's stock valued at $42,050,000 after acquiring an additional 51,317 shares in the last quarter. Balance Capital Partners L.P. purchased a new position in Resolute Holdings Management in the 4th quarter worth approximately $52,169,000. Finally, J. Goldman & Co LP purchased a new position in Resolute Holdings Management in the 2nd quarter worth approximately $34,747,000.

Wall Street Analyst Weigh In

RHLD has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. Wall Street Zen raised Resolute Holdings Management from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Resolute Holdings Management Price Performance

RHLD opened at $137.15 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. Resolute Holdings Management, Inc. has a 52-week low of $62.56 and a 52-week high of $236.19. The stock has a market capitalization of $1.07 billion, a P/E ratio of 25.26 and a beta of -1.30. The company's 50-day simple moving average is $133.37 and its two-hundred day simple moving average is $141.70.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.69 earnings per share for the quarter. The firm 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%.

Insider Buying and Selling at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 375 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $117.84 per share, with a total value of $44,190.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this link. 52.80% of the stock is owned by corporate insiders.

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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