Resolute Holdings Management, Inc. (NYSE:RHLD – Get Free Report)’s stock price dropped 10.2% during trading on Tuesday . The stock traded as low as $140.01 and last traded at $140.6470. Approximately 54,085 shares changed hands during trading, a decline of 72% from the average session volume of 190,105 shares. The stock had previously closed at $156.65.

RHLD has been the topic of a number of analyst reports. Weiss Ratings cut Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on RHLD

The firm has a fifty day moving average price of $123.91 and a 200-day moving average price of $160.80. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 20.29 and a beta of -1.65.

In other news, CFO Kurt Schoen purchased 450 shares of the company’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 purchase, the chief financial officer directly owned 2,850 shares of the company’s stock, valued at approximately $308,769. This represents a 18.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Krishna Mikkilineni acquired 921 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $108.52 per share, with a total value of $99,946.92. Following the purchase, the director owned 1,145 shares in the company, valued at $124,255.40. This represents a 411.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 52.80% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Leo Wealth LLC acquired a new stake in Resolute Holdings Management in the fourth quarter worth about $2,238,000. UBS Group AG purchased a new stake in shares of Resolute Holdings Management during the fourth quarter worth $28,228,000. Truist Financial Corp acquired a new stake in Resolute Holdings Management in the fourth quarter valued at approximately $6,140,000. Huntleigh Advisors Inc. bought a new position in shares of Resolute Holdings Management in the 4th quarter valued at approximately $801,000. Finally, Vanguard Group Inc. bought a new stake in Resolute Holdings Management during the fourth quarter valued at about $47,149,000.

(Get Free Report)

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.

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