Ratan Capital Management LP Takes Position in Resolute Holdings Management, Inc. $RHLD

Key Points

• Ratan Capital Management initiated a 31,271-share RHLD position worth approximately $4.52 million, representing 1.5% of its portfolio and about 0.40% of the company.
• Institutional interest is growing, with BlackRock, Vanguard, Locust Wood Capital Advisers and others also establishing sizable positions. CFO Kurt Schoen separately purchased 375 shares, while insiders collectively own 52.8% of RHLD.
• RHLD recently reported quarterly revenue of $473.2 million and earnings of $0.69 per share. Despite a $135.53 share price and $1.06 billion market capitalization, analysts maintain an overall “Sell” rating.

Ratan Capital Management LP bought a new stake in Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,271 shares of the company's stock, valued at approximately $4,520,000. Resolute Holdings Management accounts for 1.5% of Ratan Capital Management LP's investment portfolio, making the stock its 17th largest holding. Ratan Capital Management LP owned about 0.40% of Resolute Holdings Management at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RHLD. Locust Wood Capital Advisers LLC purchased a new position in shares of Resolute Holdings Management in the 4th quarter valued at about $112,292,000. BlackRock Inc. purchased a new stake in shares of Resolute Holdings Management during the second quarter worth approximately $45,305,000. Balance Capital Partners L.P. acquired a new stake in Resolute Holdings Management in the fourth quarter valued at approximately $52,169,000. J. Goldman & Co LP acquired a new stake in Resolute Holdings Management in the second quarter valued at approximately $34,747,000. Finally, Vanguard Group Inc. acquired a new stake in Resolute Holdings Management in the fourth quarter valued at approximately $47,149,000.

Insiders Place Their Bets

In related news, CFO Kurt Schoen purchased 375 shares of Resolute Holdings Management stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 52.80% of the stock is currently owned by company insiders.

Resolute Holdings Management Stock Performance

Shares of Resolute Holdings Management stock opened at $135.53 on Friday. 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 52 week low of $62.56 and a 52 week high of $236.19. The firm's 50 day moving average is $133.63 and its two-hundred day moving average is $141.24. The firm has a market capitalization of $1.06 billion, a P/E ratio of 24.96 and a beta of -1.30.

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

Analysts Set New Price Targets

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

Resolute Holdings Management 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.

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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