Pillsbury Lake Capital LLC Makes New $6.96 Million Investment in Resolute Holdings Management, Inc. $RHLD

Key Points

• Pillsbury Lake Capital acquired 48,165 shares of Resolute Holdings Management worth approximately $6.96 million, giving it a 0.62% stake. Other major institutions, including Vanguard and UBS, have also recently purchased shares.
• CFO Kurt Schoen bought 375 shares for about $44,190, increasing his holdings by 13.16%; company insiders collectively own 52.8% of the stock.
• RHLD recently traded around $135.53, with a market capitalization of $1.06 billion, while analysts maintain a negative outlook: the stock has an average “Sell” rating despite one firm upgrading it to “Hold.”

Pillsbury Lake Capital LLC acquired a new stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 48,165 shares of the company's stock, valued at approximately $6,961,287. Resolute Holdings Management comprises about 0.0% of Pillsbury Lake Capital LLC's investment portfolio, making the stock its 29th largest position. Pillsbury Lake Capital LLC owned 0.62% of Resolute Holdings Management as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in shares of Resolute Holdings Management during the fourth quarter worth $27,000. CWM LLC bought a new stake in Resolute Holdings Management during the 4th quarter worth about $189,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Resolute Holdings Management during the fourth quarter worth $1,448,000. Vanguard Group Inc. acquired a new stake in shares of Resolute Holdings Management during the fourth quarter worth $47,149,000. Finally, UBS Group AG acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $28,228,000.

Insider Buying and Selling

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 375 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was acquired 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 in the company, valued at approximately $380,034. This trade represents a 13.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 52.80% of the company's stock.

Resolute Holdings Management Price Performance

RHLD stock traded up $1.80 during midday trading on Friday, reaching $135.53. 132,115 shares of the stock were exchanged, compared to its average volume of 183,940. Resolute Holdings Management, Inc. has a 52 week low of $62.56 and a 52 week high of $236.19. 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 company has a fifty day moving average price of $133.49 and a 200 day moving average price of $141.28. The stock has a market capitalization of $1.06 billion, a PE ratio of 24.96 and a beta of -1.30.

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 (EPS) for the quarter. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%. The firm had revenue of $473.20 million for the quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated 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 report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

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.