Resolute Holdings Management, Inc. $RHLD is Tikvah Management LLC's 3rd Largest Position

Key Points

• Tikvah Management increased its RHLD stake by 11.6% in the second quarter to 219,076 shares, making Resolute Holdings Management its third-largest position and representing 9.6% of its portfolio.
• RHLD reported quarterly revenue of $473.2 million and earnings of $0.69 per share, while the stock opened at $135.82 with a market capitalization of approximately $1.06 billion.
• Analyst sentiment remains negative: RHLD carries an average “Sell” rating, although Wall Street Zen recently upgraded it from “Sell” to “Hold.” CFO Kurt Schoen also purchased 375 shares, and insiders own 52.8% of the company.

Tikvah Management LLC boosted its stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD - Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,076 shares of the company's stock after acquiring an additional 22,785 shares during the quarter. Resolute Holdings Management accounts for 9.6% of Tikvah Management LLC's holdings, making the stock its 3rd largest position. Tikvah Management LLC owned approximately 2.80% of Resolute Holdings Management worth $31,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in Resolute Holdings Management during the fourth quarter worth $47,149,000. NewEdge Wealth LLC purchased a new position in Resolute Holdings Management in the fourth quarter valued at $735,000. Gamco Investors INC. ET AL acquired a new position in shares of Resolute Holdings Management in the fourth quarter worth about $3,922,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Resolute Holdings Management during the 4th quarter worth about $181,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Resolute Holdings Management during the 4th quarter worth about $404,000.

Resolute Holdings Management Stock Performance

RHLD opened at $135.82 on Thursday. The firm's fifty day simple moving average is $134.12 and its two-hundred day simple moving average is $137.76. Resolute Holdings Management, Inc. has a 52-week low of $63.70 and a 52-week high of $236.19. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 25.01 and a beta of -1.31. 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 (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. 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 during the quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on RHLD. Weiss Ratings restated a "sell (e+)" rating on shares of Resolute Holdings Management in a research note 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

Insider Buying and Selling at Resolute Holdings Management

In other news, CFO Kurt Schoen purchased 375 shares of the stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of the purchase, the chief financial officer directly owned 3,225 shares of the company's stock, valued at approximately $380,034. The trade was a 13.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 52.80% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.