Renaissance Technologies LLC Increases Holdings in Resolute Holdings Management, Inc. $RHLD

Renaissance Technologies LLC lifted its stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) by 55.9% during the first quarter, HoldingsChannel.com reports. The firm owned 19,800 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Resolute Holdings Management were worth $3,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. KBC Group NV purchased a new position in Resolute Holdings Management during the 1st quarter valued at about $25,000. Farther Finance Advisors LLC purchased a new stake in shares of Resolute Holdings Management in the fourth quarter worth about $27,000. Kestra Advisory Services LLC purchased a new stake in shares of Resolute Holdings Management in the fourth quarter worth about $52,000. California State Teachers Retirement System bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $54,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $86,000.

Wall Street Analyst Weigh In

RHLD has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. Wall Street Zen downgraded shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Resolute Holdings Management Price Performance

Shares of NYSE RHLD opened at $129.72 on Friday. The stock’s 50-day simple moving average is $130.92 and its two-hundred day simple moving average is $148.40. Resolute Holdings Management, Inc. has a twelve month low of $40.51 and a twelve month high of $236.19. The firm has a market capitalization of $1.07 billion, a P/E ratio of 23.89 and a beta of -1.30. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71.

Resolute Holdings Management (NYSE:RHLD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter. Resolute Holdings Management had a return on equity of 5.20% and a net margin of 4.21%.The firm had revenue of $473.20 million during the quarter.

Insider Buying and Selling

In related news, Director Krishna Mikkilineni purchased 921 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $108.52 per share, with a total value of $99,946.92. Following the purchase, the director directly owned 1,145 shares in the company, valued at approximately $124,255.40. This represents a 411.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt Schoen purchased 450 shares of the firm’s stock in a transaction dated 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 acquisition, the chief financial officer directly owned 2,850 shares in the company, valued at approximately $308,769. The trade was a 18.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company 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.