Tikvah Management LLC Reduces Stake in Resolute Holdings Management, Inc. $RHLD

Tikvah Management LLC cut its position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) by 24.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,566 shares of the company’s stock after selling 60,580 shares during the quarter. Resolute Holdings Management comprises 10.2% of Tikvah Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Tikvah Management LLC owned approximately 2.16% of Resolute Holdings Management worth $37,894,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RHLD. JPMorgan Chase & Co. bought a new stake in shares of Resolute Holdings Management during the third quarter valued at approximately $173,000. GAMMA Investing LLC bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $35,000. SG Americas Securities LLC bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $267,000. Leo Wealth LLC bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $2,238,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $282,000.

Resolute Holdings Management Trading Up 0.3%

Resolute Holdings Management stock opened at $132.16 on Monday. 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 business’s fifty day simple moving average is $129.09 and its two-hundred day simple moving average is $167.46. Resolute Holdings Management, Inc. has a 12 month low of $28.92 and a 12 month high of $236.19. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.18 and a beta of -1.62.

Insider Buying and Selling

In other Resolute Holdings Management news, Director Jane J. Thompson sold 1,850 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $124.42, for a total value of $230,177.00. Following the sale, the director directly owned 6,273 shares of the company’s stock, valued at approximately $780,486.66. The trade was a 22.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kurt Schoen bought 450 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $108.34 per share, for a total transaction of $48,753.00. Following the completion of the acquisition, the chief financial officer directly owned 2,850 shares of the company’s stock, valued at approximately $308,769. This represents a 18.75% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 2,423 shares of company stock valued at $297,999. 52.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RHLD shares. Wall Street Zen lowered Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Resolute Holdings Management has an average rating of “Sell”.

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.