Legal & General Group Plc Takes Position in Resolute Holdings Management, Inc. $RHLD

Legal & General Group Plc purchased a new position in Resolute Holdings Management, Inc. (NYSE:RHLD) during the second quarter, HoldingsChannel reports. The firm purchased 4,091 shares of the company’s stock, valued at approximately $561,000.

Other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV bought a new position in Resolute Holdings Management in the 1st quarter worth about $25,000. Kestra Advisory Services LLC bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $52,000. California State Teachers Retirement System bought a new stake in shares of Resolute Holdings Management during the fourth quarter valued at approximately $54,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Resolute Holdings Management in the fourth quarter valued at approximately $86,000. Finally, Bard Associates Inc. purchased a new stake in shares of Resolute Holdings Management in the fourth quarter valued at approximately $120,000.

Insider Activity at Resolute Holdings Management

In related news, CFO Kurt Schoen purchased 375 shares of Resolute Holdings Management stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $117.84 per share, with a total value of $44,190.00. Following the transaction, the chief financial officer owned 3,225 shares in the company, valued at approximately $380,034. The trade was a 13.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 52.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Resolute Holdings Management Price Performance

NYSE RHLD opened at $136.09 on Wednesday. The company has a market cap of $1.06 billion, a PE ratio of 25.06 and a beta of -1.31. The firm’s 50 day moving average price is $134.33 and its 200-day moving average price is $138.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. Resolute Holdings Management, Inc. has a 52-week low of $63.70 and a 52-week high of $236.19.

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

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.