Resolute Holdings Management (NYSE:RHLD) Trading Down 10.2% – Time to Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD) shares dropped 10.2% on Tuesday . The stock traded as low as $140.01 and last traded at $140.6470. 54,085 shares traded hands during trading, a decline of 72% from the average session volume of 190,105 shares. The stock had previously closed at $156.65.

Analysts Set New Price Targets

Several brokerages have commented on RHLD. Weiss Ratings cut shares of 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 Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment 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 Performance

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 company has a market capitalization of $1.17 billion, a P/E ratio of 20.49 and a beta of -1.65. The business has a 50-day moving average of $124.01 and a 200-day moving average of $159.87.

Insider Activity

In other news, Director Krishna Mikkilineni acquired 921 shares of Resolute Holdings Management stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $108.52 per share, with a total value of $99,946.92. Following the transaction, the director directly owned 1,145 shares of the company’s stock, valued at $124,255.40. This trade represents a 411.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kurt Schoen acquired 450 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $108.34 per share, with a total value 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. 52.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Resolute Holdings Management

A number of institutional investors and hedge funds have recently modified their holdings of RHLD. Farther Finance Advisors LLC bought a new stake in shares of Resolute Holdings Management during the fourth quarter worth $27,000. KBC Group NV purchased a new position in Resolute Holdings Management in the 1st quarter worth about $25,000. GAMMA Investing LLC bought a new stake in Resolute Holdings Management during the 4th quarter valued at about $35,000. Gamco Investors INC. ET AL lifted its holdings in Resolute Holdings Management by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock valued at $3,116,000 after buying an additional 200 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Resolute Holdings Management in the 4th quarter valued at about $52,000.

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.