Resolute Holdings Management (NYSE:RHLD) Stock Price Down 5.7% - Here's Why

Key Points

• Resolute Holdings Management shares fell 5.7% to about $136.42 in mid-day trading, with trading volume 44% below the average session volume. The company’s market capitalization was approximately $1.07 billion.
• Analyst sentiment remains negative: Wall Street Zen upgraded the stock from “sell” to “hold,” but Weiss Ratings maintained a “sell” rating, leaving RHLD with a consensus “Sell” rating.
• The company reported quarterly EPS of $0.69 on revenue of $473.2 million. Meanwhile, CFO Kurt Schoen purchased 375 shares, and insiders collectively own 52.8% of the company.

Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report) shares were down 5.7% during mid-day trading on Wednesday . The stock traded as low as $133.23 and last traded at $136.4240. 101,654 shares changed hands during trading, a decline of 44% from the average session volume of 182,866 shares. The stock had previously closed at $144.64.

Analyst Upgrades and Downgrades

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

Resolute Holdings Management Trading Down 5.6%

The firm has a market cap of $1.07 billion, a PE ratio of 25.05 and a beta of -1.30. The firm has a fifty day simple moving average of $133.22 and a two-hundred day simple moving average of $142.04. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71.

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

Insider Transactions at Resolute Holdings Management

In related news, CFO Kurt Schoen acquired 375 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $117.84 per share, for a total transaction of $44,190.00. Following the acquisition, the chief financial officer owned 3,225 shares of the company's stock, valued at $380,034. This trade represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 52.80% of the company's stock.

Hedge Funds Weigh In On Resolute Holdings Management

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG bought a new position in Resolute Holdings Management in the fourth quarter worth $28,228,000. Corsair Capital Management L.P. boosted its holdings in shares of Resolute Holdings Management by 24.7% during the 1st quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company's stock valued at $42,050,000 after buying an additional 51,317 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Resolute Holdings Management during the 4th quarter valued at $6,140,000. Principal Financial Group Inc. purchased a new stake in shares of Resolute Holdings Management in the 1st quarter worth about $2,250,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Resolute Holdings Management in the 4th quarter worth about $1,448,000.

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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