Resolute Holdings Management (NYSE:RHLD) CFO Purchases $48,753.00 in Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) CFO Kurt Schoen acquired 450 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $108.34 per share, for a total transaction of $48,753.00. Following the purchase, the chief financial officer owned 2,850 shares of the company’s stock, valued at $308,769. The trade was a 18.75% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kurt Schoen also recently made the following trade(s):

• On Tuesday, March 17th, Kurt Schoen acquired 500 shares of Resolute Holdings Management stock. The shares were purchased at an average cost of $141.51 per share, with a total value of $70,755.00.

Resolute Holdings Management Stock Performance

NYSE:RHLD opened at $102.99 on Monday. 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 business has a fifty day simple moving average of $143.81 and a two-hundred day simple moving average of $171.78. Resolute Holdings Management, Inc. has a 1 year low of $28.92 and a 1 year high of $236.19. The company has a market capitalization of $850.38 million, a P/E ratio of 14.95 and a beta of -1.21.

Institutional Investors Weigh In On Resolute Holdings Management

Institutional investors have recently made changes to their positions in the stock. Locust Wood Capital Advisers LLC purchased a new position in shares of Resolute Holdings Management in the fourth quarter valued at $112,292,000. Corsair Capital Management L.P. raised its stake in shares of Resolute Holdings Management by 24.7% during the 1st quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock valued at $42,050,000 after purchasing an additional 51,317 shares during the period. Balance Capital Partners L.P. purchased a new stake in Resolute Holdings Management during the 4th quarter worth about $52,169,000. Vanguard Group Inc. bought a new position in Resolute Holdings Management in the 4th quarter worth about $47,149,000. Finally, UBS Group AG purchased a new position in Resolute Holdings Management during the 4th quarter valued at about $28,228,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings cut Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.