Insider Buying: Resolute Holdings Management (NYSE:RHLD) Director Acquires 921 Shares of Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) Director Krishna Mikkilineni purchased 921 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $108.52 per share, with a total value of $99,946.92. Following the purchase, the director directly owned 1,145 shares in the company, valued at approximately $124,255.40. The trade was a 411.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Resolute Holdings Management Price Performance

Shares of NYSE:RHLD traded down $3.79 during midday trading on Friday, hitting $102.99. 248,303 shares of the stock were exchanged, compared to its average volume of 173,853. The stock has a market cap of $850.69 million, a P/E ratio of 6.37 and a beta of -1.21. The company has a current ratio of 1.59, a quick ratio of 3.27 and a debt-to-equity ratio of 0.71. Resolute Holdings Management, Inc. has a twelve month low of $28.92 and a twelve month high of $236.19. The company has a 50 day moving average price of $143.81 and a 200-day moving average price of $171.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at about $27,000. KBC Group NV acquired a new position in Resolute Holdings Management in the 1st quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at about $35,000. Kestra Advisory Services LLC acquired a new position in Resolute Holdings Management in the 4th quarter valued at about $52,000. Finally, California State Teachers Retirement System acquired a new position in Resolute Holdings Management in the 4th quarter valued at about $54,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average 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.