Resolute Holdings Management (NYSE:RHLD) CFO Kurt Schoen Buys 375 Shares of Stock

Key Points

• CFO Kurt Schoen purchased 375 RHLD shares at an average price of $117.84, investing $44,190 and increasing his direct ownership by 13.16% to 3,225 shares.
• RHLD shares recently traded at $129.05, while the company reported quarterly revenue of $473.2 million and earnings of $0.69 per share.
• Analyst sentiment remains negative: the stock has a consensus “Sell” rating, despite one recent upgrade from “Sell” to “Hold.”

Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report) CFO Kurt Schoen purchased 375 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of the acquisition, the chief financial officer directly owned 3,225 shares in the company, valued at approximately $380,034. This represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Resolute Holdings Management Price Performance

Shares of RHLD stock traded up $1.42 during trading hours on Monday, hitting $129.05. 121,431 shares of the company's stock were exchanged, compared to its average volume of 174,335. Resolute Holdings Management, Inc. has a 52 week low of $57.00 and a 52 week high of $236.19. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 21.56 and a beta of -1.29. 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 stock's 50-day moving average is $132.81 and its 200-day moving average is $142.33.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last posted 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 firm had revenue of $473.20 million during the quarter.

Institutional Investors Weigh In On Resolute Holdings Management

Several hedge funds have recently bought and sold shares of RHLD. Farther Finance Advisors LLC bought a new stake in shares of Resolute Holdings Management in the 4th quarter valued at $27,000. KBC Group NV bought a new position in shares of Resolute Holdings Management during the 1st quarter valued at about $25,000. Kestra Advisory Services LLC bought a new position in shares of Resolute Holdings Management during the 4th quarter valued at about $52,000. California State Teachers Retirement System acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at approximately $54,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Resolute Holdings Management during the 4th quarter worth approximately $86,000.

Analyst Ratings Changes

A number of research analysts have issued reports on RHLD shares. Wall Street Zen upgraded shares of Resolute Holdings Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus 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.

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