Resolute Holdings Management (NYSE:RHLD) Stock Price Down 6.7% – Here’s What Happened

Shares of Resolute Holdings Management, Inc. (NYSE:RHLD) fell 6.7% during trading on Monday . The stock traded as low as $126.24 and last traded at $124.9390. 20,702 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 189,623 shares. The stock had previously closed at $133.96.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RHLD shares. Wall Street Zen lowered Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded 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, Based on data from MarketBeat, Resolute Holdings Management currently has a consensus rating of “Sell”.

Resolute Holdings Management Stock Performance

The company’s fifty day moving average price is $123.59 and its two-hundred day moving average price is $163.23. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.89 and a current ratio of 1.59. The firm has a market capitalization of $1.09 billion, a PE ratio of 19.20 and a beta of -1.62.

Insider Buying and Selling

In related news, CFO Kurt Schoen purchased 450 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $108.34 per share, for a total transaction of $48,753.00. Following the acquisition, the chief financial officer directly owned 2,850 shares in the company, valued at $308,769. This trade represents a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Krishna Mikkilineni acquired 921 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $108.52 per share, with a total value of $99,946.92. Following the completion of the purchase, the director directly owned 1,145 shares in the company, valued at approximately $124,255.40. This trade represents a 411.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 52.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leo Wealth LLC purchased a new position in shares of Resolute Holdings Management in the 4th quarter worth about $2,238,000. UBS Group AG purchased a new stake in shares of Resolute Holdings Management during the 4th quarter worth about $28,228,000. Truist Financial Corp acquired a new stake in Resolute Holdings Management during the 4th quarter worth approximately $6,140,000. Huntleigh Advisors Inc. acquired a new stake in Resolute Holdings Management during the 4th quarter worth approximately $801,000. Finally, Vanguard Group Inc. acquired a new stake in Resolute Holdings Management during the 4th quarter worth approximately $47,149,000.

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.