Resolute Holdings Management (NYSE:RHLD) Announces Quarterly Earnings Results

Resolute Holdings Management (NYSE:RHLD) released its earnings results on Thursday. The company reported $0.69 earnings per share for the quarter, FiscalAI reports. The company had revenue of $509.60 million during the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.

Resolute Holdings Management Stock Down 0.8%

Shares of RHLD traded down $1.02 during midday trading on Thursday, hitting $129.82. The company had a trading volume of 167,874 shares, compared to its average volume of 117,252. The company’s 50-day simple moving average is $122.93 and its 200-day simple moving average is $140.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. The firm has a market capitalization of $1.02 billion, a P/E ratio of 22.10 and a beta of -0.83. Resolute Holdings Management has a 1 year low of $96.79 and a 1 year high of $236.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a 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 investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Activity at Resolute Holdings Management

In other news, CFO Kurt Schoen bought 375 shares of the business’s stock in a transaction that occurred 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 purchase, the chief financial officer owned 3,225 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 52.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RHLD. BlackRock Inc. purchased a new stake in Resolute Holdings Management during the 2nd quarter worth about $45,305,000. Corsair Capital Management L.P. boosted its position 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 worth $42,050,000 after acquiring an additional 51,317 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Resolute Holdings Management during the 2nd quarter worth about $34,747,000. Tikvah Management LLC boosted its position in shares of Resolute Holdings Management by 11.6% during the 2nd quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock worth $31,663,000 after acquiring an additional 22,785 shares in the last quarter. Finally, Balance Capital Partners L.P. purchased a new position in shares of Resolute Holdings Management in the 2nd quarter valued at about $9,325,943.

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.