Resolute Holdings Management (NYSE:RHLD) CFO Kurt Schoen Purchases 375 Shares of Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) CFO Kurt Schoen acquired 375 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the purchase, the chief financial officer directly owned 3,225 shares of the company’s stock, valued at approximately $380,034. This trade represents a 13.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Resolute Holdings Management Stock Performance

Shares of NYSE RHLD opened at $129.05 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. Resolute Holdings Management, Inc. has a 12 month low of $57.00 and a 12 month high of $236.19. The stock has a 50 day moving average of $132.81 and a 200-day moving average of $142.33. The company has a market capitalization of $1.01 billion, a P/E ratio of 23.77 and a beta of -1.29.

Resolute Holdings Management (NYSE:RHLD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.69 earnings per share for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.The business had revenue of $473.20 million for the quarter.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Resolute Holdings Management

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in Resolute Holdings Management by 15,330.6% in the 2nd quarter. California State Teachers Retirement System now owns 643,303 shares of the company’s stock valued at $92,977,000 after purchasing an additional 639,134 shares during the period. Susquehanna International Group LLP raised its position in shares of Resolute Holdings Management by 110.2% in the second quarter. Susquehanna International Group LLP now owns 7,818 shares of the company’s stock valued at $1,130,000 after buying an additional 4,098 shares in the last quarter. Ratan Capital Management LP bought a new stake in shares of Resolute Holdings Management in the second quarter valued at approximately $4,520,000. Corient Private Wealth LP bought a new stake in shares of Resolute Holdings Management in the second quarter valued at approximately $994,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in Resolute Holdings Management during the second quarter worth approximately $6,961,287,000.

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.