Principal Financial Group Inc. Invests $2.25 Million in Resolute Holdings Management, Inc. $RHLD

Principal Financial Group Inc. bought a new position in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,862 shares of the company’s stock, valued at approximately $2,250,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in Resolute Holdings Management during the fourth quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in Resolute Holdings Management during the 4th quarter worth about $35,000. Kestra Advisory Services LLC bought a new position in shares of Resolute Holdings Management in the 4th quarter worth about $52,000. California State Teachers Retirement System bought a new position in shares of Resolute Holdings Management in the 4th quarter worth about $54,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Resolute Holdings Management in the 4th quarter valued at about $86,000.

Insider Buying and Selling at Resolute Holdings Management

In related news, Director Krishna Mikkilineni acquired 921 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the completion of the acquisition, 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt Schoen acquired 450 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $108.34 per share, for a total transaction of $48,753.00. Following the transaction, the chief financial officer directly owned 2,850 shares in the company, valued at approximately $308,769. This represents a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 52.80% of the company’s stock.

Resolute Holdings Management Stock Up 0.6%

Shares of NYSE RHLD opened at $127.63 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of 18.52 and a beta of -1.65. Resolute Holdings Management, Inc. has a 12-month low of $38.70 and a 12-month high of $236.19. The company’s fifty day simple moving average is $129.02 and its 200 day simple moving average is $151.47. The company has a quick ratio of 0.89, a current ratio of 1.59 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

Several equities research analysts recently commented on RHLD shares. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a research report on Tuesday, July 21st. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Resolute Holdings Management presently has a consensus rating of “Sell”.

Resolute Holdings Management 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.