Resolute Holdings Management (NYSE:RHLD) Trading Up 7.7% After Insider Buying Activity

Resolute Holdings Management, Inc. (NYSE:RHLD)’s stock price was up 7.7% during trading on Monday after an insider bought additional shares in the company. The company traded as high as $111.98 and last traded at $110.6650. Approximately 45,882 shares traded hands during trading, a decline of 76% from the average daily volume of 189,846 shares. The stock had previously closed at $102.80.

Specifically, CFO Kurt Schoen purchased 450 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $108.34 per share, for a total transaction of $48,753.00. Following the transaction, the chief financial officer owned 2,850 shares of the company’s stock, valued at approximately $308,769. This trade represents a 18.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Krishna Mikkilineni purchased 921 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the completion of the transaction, the director owned 1,145 shares of the company’s stock, valued at approximately $124,255.40. This trade represents a 411.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Wall Street Analysts Forecast Growth

RHLD has been the subject 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 lowered shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Resolute Holdings Management presently has a consensus rating of “Sell”.

Resolute Holdings Management Stock Up 8.5%

The business has a 50 day simple moving average of $143.81 and a 200 day simple moving average of $171.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 0.89. The stock has a market cap of $921.03 million, a PE ratio of 16.19 and a beta of -1.21.

Institutional Investors Weigh In On Resolute Holdings Management

A number of large investors have recently modified their holdings of RHLD. KBC Group NV acquired a new position in Resolute Holdings Management in the first quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new stake in Resolute Holdings Management during the fourth quarter valued at about $27,000. GAMMA Investing LLC bought a new position in Resolute Holdings Management during the 4th quarter worth approximately $35,000. Kestra Advisory Services LLC bought a new position in Resolute Holdings Management in the fourth quarter worth about $52,000. Finally, California State Teachers Retirement System bought a new position in shares of Resolute Holdings Management in the fourth quarter worth approximately $54,000.

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.