Resolute Holdings Management, Inc. $RHLD Stake Boosted by Tikvah Management LLC

Tikvah Management LLC increased its holdings in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) by 11.6% during the second quarter, HoldingsChannel.com reports. The fund owned 219,076 shares of the company’s stock after buying an additional 22,785 shares during the period. Resolute Holdings Management accounts for about 9.6% of Tikvah Management LLC’s holdings, making the stock its 3rd largest holding. Tikvah Management LLC’s holdings in Resolute Holdings Management were worth $31,663,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RHLD. California State Teachers Retirement System grew its position in shares of Resolute Holdings Management by 15,330.6% in the second quarter. California State Teachers Retirement System now owns 643,303 shares of the company’s stock valued at $92,977,000 after purchasing an additional 639,134 shares in the last quarter. Locust Wood Capital Advisers LLC purchased a new position in Resolute Holdings Management during the fourth quarter worth approximately $112,292,000. BlackRock Inc. acquired a new position in Resolute Holdings Management during the second quarter worth $45,305,000. Balance Capital Partners L.P. acquired a new position in Resolute Holdings Management during the fourth quarter worth $52,169,000. Finally, J. Goldman & Co LP purchased a new stake in Resolute Holdings Management in the 2nd quarter valued at $34,747,000.

Resolute Holdings Management Trading Down 0.4%

Shares of Resolute Holdings Management stock opened at $135.82 on Thursday. The stock has a 50 day moving average of $134.12 and a 200 day moving average of $137.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 1.35. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.01 and a beta of -1.31. Resolute Holdings Management, Inc. has a fifty-two week low of $63.70 and a fifty-two week high of $236.19.

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

Insider Transactions at Resolute Holdings Management

In related news, CFO Kurt Schoen acquired 375 shares of Resolute Holdings Management stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $117.84 per share, for a total transaction of $44,190.00. Following the acquisition, the chief financial officer owned 3,225 shares in the company, valued at approximately $380,034. This represents a 13.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 52.80% of the company’s stock.

Analyst Ratings Changes

RHLD has been the topic of several recent research reports. Wall Street Zen raised shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.