Resolute Holdings Management (NYSE:RHLD) Shares Down 18.5% – Should You Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD) traded down 18.5% on Thursday . The company traded as low as $119.48 and last traded at $113.7550. 14,173 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 186,304 shares. The stock had previously closed at $139.65.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Resolute Holdings Management presently has a consensus rating of “Sell”.

Resolute Holdings Management Price Performance

The company has a quick ratio of 3.27, a current ratio of 3.84 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $913.77 million, a price-to-earnings ratio of 16.06 and a beta of -1.21. The stock’s 50 day moving average price is $152.52 and its two-hundred day moving average price is $170.55.

Insider Transactions at Resolute Holdings Management

In other Resolute Holdings Management news, Director John D. Cote bought 552 shares of the stock in a transaction on Tuesday, March 17th. The shares were purchased at an average cost of $142.29 per share, with a total value of $78,544.08. Following the completion of the transaction, the director directly owned 552 shares of the company’s stock, valued at $78,544.08. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jane J. Thompson sold 1,850 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $124.42, for a total transaction of $230,177.00. Following the transaction, the director directly owned 6,273 shares in the company, valued at $780,486.66. The trade was a 22.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 52.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Resolute Holdings Management

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

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.