Pacer Advisors Inc. Acquires Shares of 28,960 Resolute Holdings Management, Inc. $RHLD

Pacer Advisors Inc. bought a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,960 shares of the company’s stock, valued at approximately $4,700,000.

Other large investors have also modified their holdings of the company. Locust Wood Capital Advisers LLC acquired a new stake in shares of Resolute Holdings Management in the fourth quarter valued at about $112,292,000. Balance Capital Partners L.P. acquired a new position in Resolute Holdings Management during the fourth quarter worth about $52,169,000. Vanguard Group Inc. acquired a new position in Resolute Holdings Management during the fourth quarter worth about $47,149,000. Corsair Capital Management L.P. purchased a new stake in Resolute Holdings Management during the 4th quarter valued at about $42,891,000. Finally, UBS Group AG purchased a new stake in Resolute Holdings Management during the 4th quarter valued at about $28,228,000.

Insider Activity

In other news, Director Krishna Mikkilineni acquired 921 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $108.52 per share, for a total transaction of $99,946.92. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurt Schoen acquired 450 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $108.34 per share, with a total value of $48,753.00. Following the completion of the transaction, the chief financial officer owned 2,850 shares of the company’s stock, valued at $308,769. The trade was a 18.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 52.80% of the company’s stock.

Resolute Holdings Management Stock Down 0.1%

Shares of NYSE:RHLD opened at $135.64 on Thursday. Resolute Holdings Management, Inc. has a 52-week low of $40.14 and a 52-week high of $236.19. The stock has a market cap of $1.12 billion, a P/E ratio of 19.69 and a beta of -1.30. The business has a fifty day moving average of $130.40 and a two-hundred day moving average of $149.07. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

A number of research firms have commented on RHLD. Wall Street Zen downgraded shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Resolute Holdings Management 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.