Resolute Holdings Management (NYSE:RHLD) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Resolute Holdings Management (NYSE:RHLD) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings downgraded shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Resolute Holdings Management presently has a consensus rating of “Sell”.

Resolute Holdings Management Stock Down 3.6%

RHLD stock opened at $102.99 on Friday. The firm’s fifty day simple moving average is $143.81 and its 200-day simple moving average is $171.10. The company has a market capitalization of $850.69 million, a P/E ratio of 14.95 and a beta of -1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 3.27. Resolute Holdings Management has a 12 month low of $28.92 and a 12 month high of $236.19.

Insiders Place Their Bets

In other Resolute Holdings Management news, Director John D. Cote acquired 552 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of $142.29 per share, with a total value of $78,544.08. Following the completion of the acquisition, the director owned 552 shares in the company, valued at approximately $78,544.08. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt Schoen acquired 500 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average cost of $141.51 per share, for a total transaction of $70,755.00. Following the completion of the acquisition, the chief financial officer owned 2,400 shares of the company’s stock, valued at $339,624. This trade represents a 26.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 2,423 shares of company stock worth $297,999. Company insiders own 52.80% of the company’s stock.

Institutional Trading of Resolute Holdings Management

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Resolute Holdings Management during the fourth quarter valued at $27,000. KBC Group NV purchased a new position in Resolute Holdings Management during the first quarter valued at $25,000. GAMMA Investing LLC purchased a new position in Resolute Holdings Management during the fourth quarter valued at $35,000. Kestra Advisory Services LLC purchased a new position in Resolute Holdings Management during the fourth quarter valued at $52,000. Finally, California State Teachers Retirement System purchased a new position in Resolute Holdings Management during the fourth quarter valued at $54,000.

About Resolute Holdings Management

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.