Insider Buying: Resolute Holdings Management (NYSE:RHLD) Director Acquires $99,946.92 in Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) Director Krishna Mikkilineni bought 921 shares of Resolute Holdings Management stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $108.52 per share, with a total value of $99,946.92. Following the completion of the acquisition, the director owned 1,145 shares of the company’s stock, valued at $124,255.40. The trade was a 411.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Resolute Holdings Management Trading Up 0.2%

Shares of NYSE RHLD opened at $102.99 on Monday. Resolute Holdings Management, Inc. has a 12 month low of $28.92 and a 12 month high of $236.19. The company has a market cap of $850.38 million, a price-to-earnings ratio of 14.95 and a beta of -1.21. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $143.81 and a 200-day simple moving average of $171.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Resolute Holdings Management in the 4th quarter worth about $27,000. KBC Group NV acquired a new position in Resolute Holdings Management in the 1st quarter worth about $25,000. GAMMA Investing LLC acquired a new position in Resolute Holdings Management in the 4th quarter worth about $35,000. Kestra Advisory Services LLC acquired a new position in Resolute Holdings Management in the 4th quarter worth about $52,000. Finally, California State Teachers Retirement System acquired a new position in Resolute Holdings Management in the 4th quarter worth about $54,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings downgraded Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Resolute Holdings Management currently has a consensus rating of “Sell”.

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.