Resolute Holdings Management (NYSE:RHLD) Shares Up 6.9% Following Insider Buying Activity

Key Points

• Resolute Holdings Management shares rose 6.9% to about $137.50 after CFO Kurt Schoen purchased 375 shares for approximately $44,190, increasing his direct ownership by 13.16%.
• Despite the stock’s gain, analyst sentiment remains negative: RHLD has an average rating of “Sell”, with one analyst maintaining a Sell rating and another recently upgrading the stock only to Hold.
• The company reported quarterly EPS of $0.69 on revenue of $473.2 million, alongside a 4.21% net margin and 3.55% return on equity.

Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report) was up 6.9% on Tuesday following insider buying activity. The company traded as high as $137.00 and last traded at $137.4990. 30,355 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 182,125 shares. The stock had previously closed at $128.68.

Specifically, CFO Kurt Schoen acquired 375 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $117.84 per share, for a total transaction 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 trade represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

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

Resolute Holdings Management Stock Up 8.5%

The stock has a fifty day moving average price of $132.81 and a two-hundred day moving average price of $142.33. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 25.72 and a beta of -1.29. 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 EPS 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 for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV bought a new stake in shares of Resolute Holdings Management in the first quarter valued at approximately $25,000. Farther Finance Advisors LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at $27,000. Kestra Advisory Services LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at $52,000. California State Teachers Retirement System bought a new stake in shares of Resolute Holdings Management during the 4th quarter valued at $54,000. Finally, Bard Associates Inc. acquired a new stake in shares of Resolute Holdings Management during the 2nd quarter worth $84,000.

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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