Resolute Holdings Management (NYSE:RHLD) Stock Price Up 10.6% - Should You Buy?

Key Points

• Resolute Holdings shares rose 10.6% Friday, closing at $143.6620 after reaching $142.30; trading volume was 69% below its average.
• Analyst sentiment remains cautious: MarketBeat’s average rating is Sell, with one analyst rating the stock Sell. Weiss Ratings downgraded shares from Hold to Sell, while Wall Street Zen moved its rating from Sell to Hold.
• The company reported quarterly EPS of $0.69 on revenue of $509.6 million. CFO Kurt Schoen also bought 375 shares, and insiders collectively own 52.8% of the stock.

Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report)'s share price was up 10.6% during trading on Friday. The company traded as high as $142.30 and last traded at $143.6620. Approximately 53,032 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 169,561 shares. The stock had previously closed at $129.93.

Analysts Set New Price Targets

Several research firms recently commented on RHLD. Weiss Ratings downgraded shares of Resolute Holdings Management from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. 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. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

Resolute Holdings Management Trading Up 18.1%

The company has a 50 day simple moving average of $122.93 and a 200 day simple moving average of $140.68. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.20 billion, a PE ratio of 28.28 and a beta of -0.83.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $509.60 million for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.

Insider Buying and Selling

In other Resolute Holdings Management news, CFO Kurt Schoen acquired 375 shares of the stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $117.84 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 52.80% of the stock is currently owned by insiders.

Institutional Trading of Resolute Holdings Management

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Resolute Holdings Management in the second quarter valued at $45,305,000. J. Goldman & Co LP acquired a new stake in Resolute Holdings Management during the 2nd quarter valued at $34,747,000. Balance Capital Partners L.P. acquired a new stake in shares of Resolute Holdings Management during the second quarter valued at $9,325,943. Corsair Capital Management L.P. boosted its stake in shares of Resolute Holdings Management by 24.7% during the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company's stock valued at $42,050,000 after acquiring an additional 51,317 shares during the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new stake in Resolute Holdings Management during the 2nd quarter worth about $6,961,287.

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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