Resolute Holdings Management (NYSE:RHLD) Shares Gap Down – Time to Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $117.86, but opened at $113.64. Resolute Holdings Management shares last traded at $111.1890, with a volume of 18,602 shares traded.

Wall Street Analyst Weigh In

RHLD has been the subject of a number of 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 cut shares of Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Resolute Holdings Management Price Performance

The firm has a 50-day simple moving average of $125.21 and a two-hundred day simple moving average of $129.08. The company has a market capitalization of $876.50 million, a price-to-earnings ratio of 18.59 and a beta of -0.98. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71.

Insider Activity

In related news, CFO Kurt Schoen bought 375 shares of the stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the purchase, the chief financial officer directly owned 3,225 shares of the company’s stock, valued at $380,034. This represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.80% of the stock is currently owned by company insiders.

Institutional Trading of Resolute Holdings Management

Several hedge funds and other institutional investors have recently bought and sold shares of RHLD. Bank of New York Mellon Corp purchased a new position in shares of Resolute Holdings Management during the 2nd quarter valued at approximately $1,397,000. Pillsbury Lake Capital LLC acquired a new position in shares of Resolute Holdings Management in the 2nd quarter valued at $6,961,287. Bank of America Corp DE acquired a new position in shares of Resolute Holdings Management in the 2nd quarter valued at $1,395,000. Corsair Capital Management L.P. lifted its stake in shares of Resolute Holdings Management by 24.7% in the 1st quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock valued at $42,050,000 after purchasing an additional 51,317 shares during the period. Finally, Tikvah Management LLC lifted its stake in shares of Resolute Holdings Management by 11.6% in the 2nd quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock valued at $31,663,000 after purchasing an additional 22,785 shares during the period.

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.