Resolute Holdings Management, Inc. $RHLD Stake Lessened by Newtyn Management LLC

Newtyn Management LLC lessened its stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) by 16.5% during the second quarter, Holdings Channel.com reports. The fund owned 202,423 shares of the company’s stock after selling 40,000 shares during the period. Resolute Holdings Management accounts for about 3.7% of Newtyn Management LLC’s holdings, making the stock its 12th biggest holding. Newtyn Management LLC’s holdings in Resolute Holdings Management were worth $29,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHLD. Farther Finance Advisors LLC acquired a new stake in Resolute Holdings Management in the fourth quarter worth approximately $27,000. KBC Group NV bought a new position in Resolute Holdings Management during the first quarter valued at about $25,000. Gamco Investors INC. ET AL boosted its stake in Resolute Holdings Management by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock valued at $3,116,000 after buying an additional 200 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Resolute Holdings Management during the fourth quarter worth about $52,000. Finally, California State Teachers Retirement System bought a new stake in Resolute Holdings Management in the fourth quarter worth about $54,000.

Resolute Holdings Management Trading Down 0.0%

Shares of NYSE:RHLD opened at $135.53 on Monday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 24.96 and a beta of -1.29. Resolute Holdings Management, Inc. has a 12-month low of $62.56 and a 12-month high of $236.19. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $133.63 and a two-hundred day moving average of $140.82.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RHLD. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. Wall Street Zen raised Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Transactions at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen bought 375 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the completion of the transaction, the chief financial officer directly owned 3,225 shares of the company’s stock, valued at $380,034. This represents a 13.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 52.80% of the company’s stock.

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.