Resolute Holdings Management (NYSE:RHLD) Sets New 52-Week High – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $220.67 and last traded at $219.18, with a volume of 38482 shares changing hands. The stock had previously closed at $214.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Resolute Holdings Management Stock Performance

The firm has a market cap of $1.88 billion and a price-to-earnings ratio of -447.38. The company has a debt-to-equity ratio of 4.17, a current ratio of 3.67 and a quick ratio of 3.05. The firm has a fifty day simple moving average of $156.27 and a two-hundred day simple moving average of $89.44.

Resolute Holdings Management (NYSE:RHLD) last released its earnings results on Monday, November 3rd. The company reported $0.13 earnings per share for the quarter. The company had revenue of $120.87 million for the quarter. Resolute Holdings Management had a net margin of 23.82% and a negative return on equity of 646.55%.

Insider Activity

In other Resolute Holdings Management news, Director Timothy O. Mahoney purchased 5,939 shares of Resolute Holdings Management stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $168.52 per share, with a total value of $1,000,840.28. Following the transaction, the director owned 5,939 shares of the company’s stock, valued at $1,000,840.28. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kurt Schoen acquired 1,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $164.95 per share, for a total transaction of $164,950.00. Following the completion of the acquisition, the chief financial officer directly owned 1,000 shares in the company, valued at approximately $164,950. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 11,107 shares of company stock valued at $1,800,036. Company insiders own 50.80% 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.