Resolute Holdings Management, Inc. $RHLD is Corsair Capital Management L.P.’s 4th Largest Position

Corsair Capital Management L.P. lifted its stake in Resolute Holdings Management, Inc. (NYSE:RHLD) by 24.7% during the first quarter, HoldingsChannel.com reports. The firm owned 259,091 shares of the company’s stock after purchasing an additional 51,317 shares during the quarter. Resolute Holdings Management makes up about 5.7% of Corsair Capital Management L.P.’s portfolio, making the stock its 4th largest holding. Corsair Capital Management L.P.’s holdings in Resolute Holdings Management were worth $42,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RHLD. Renaissance Technologies LLC increased its position in Resolute Holdings Management by 55.9% during the 1st quarter. Renaissance Technologies LLC now owns 19,800 shares of the company’s stock valued at $3,214,000 after buying an additional 7,100 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Resolute Holdings Management by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock worth $3,116,000 after acquiring an additional 200 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in Resolute Holdings Management by 55.2% in the first quarter. NewEdge Wealth LLC now owns 5,526 shares of the company’s stock worth $897,000 after acquiring an additional 1,965 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Resolute Holdings Management by 11.8% in the first quarter. First Trust Advisors LP now owns 14,971 shares of the company’s stock worth $2,430,000 after acquiring an additional 1,579 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of Resolute Holdings Management in the first quarter worth $25,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Resolute Holdings Management Trading Down 0.5%

Shares of RHLD stock opened at $131.02 on Monday. Resolute Holdings Management, Inc. has a 12-month low of $38.70 and a 12-month high of $236.19. The company has a current ratio of 1.59, a quick ratio of 0.89 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $127.58 and its 200 day moving average is $153.61. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.02 and a beta of -1.65.

Insiders Place Their Bets

In other news, Director Krishna Mikkilineni purchased 921 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $108.52 per share, for a total transaction of $99,946.92. Following the purchase, the director directly owned 1,145 shares in the company, valued at approximately $124,255.40. This represents a 411.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kurt Schoen acquired 450 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $108.34 per share, with a total value of $48,753.00. Following the acquisition, the chief financial officer directly owned 2,850 shares of the company’s stock, valued at $308,769. This trade represents a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 52.80% of the stock is currently owned by insiders.

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.