Resolute Holdings Management (NYSE:RHLD) Shares Down 9.8% – Should You Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD) traded down 9.8% during mid-day trading on Thursday . The company traded as low as $190.01 and last traded at $188.47. 50,621 shares traded hands during trading, a decline of 62% from the average session volume of 133,341 shares. The stock had previously closed at $208.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Resolute Holdings Management has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

The firm’s 50 day moving average is $184.42 and its 200 day moving average is $102.23. The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67. The stock has a market cap of $1.58 billion and a P/E ratio of -374.54.

Resolute Holdings Management (NYSE:RHLD) last announced 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 during the quarter. Resolute Holdings Management had a net margin of 23.82% and a negative return on equity of 646.55%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Resolute Holdings Management

An institutional investor recently bought a new position in Resolute Holdings Management stock. GAMMA Investing LLC purchased a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 169 shares of the company’s stock, valued at approximately $35,000.

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.