Key Points
- CFO Kurt Schoen bought 450 shares of Resolute Holdings Management on May 13 at an average price of $108.34, a transaction worth about $48,753. His ownership rose to 2,850 shares, an 18.75% increase.
- This was not his first recent purchase; Schoen also bought 500 shares on March 17 at an average price of $141.51, worth about $70,755.
- The stock was down 3.6% and opened at $102.99, while analysts have a sell outlook overall after recent downgrades from Weiss Ratings and Wall Street Zen.
Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report) CFO Kurt Schoen acquired 450 shares of Resolute Holdings Management stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $108.34 per share, with a total value of $48,753.00. Following the completion of the purchase, the chief financial officer owned 2,850 shares in the company, valued at approximately $308,769. The trade was a 18.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at 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 acquired at an average price of $141.51 per share, with a total value of $70,755.00.
Resolute Holdings Management Trading Down 3.6%
Resolute Holdings Management stock opened at $102.99 on Friday. The firm has a 50-day moving average of $143.81 and a 200-day moving average of $171.10. Resolute Holdings Management, Inc. has a one year low of $28.92 and a one year high of $236.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.59 and a quick ratio of 3.27. The company has a market cap of $850.69 million, a price-to-earnings ratio of 14.95 and a beta of -1.21.
Institutional Investors Weigh In On Resolute Holdings Management
Several hedge funds have recently bought and sold shares of RHLD. JPMorgan Chase & Co. acquired a new stake in Resolute Holdings Management in the 3rd quarter valued at about $173,000. GAMMA Investing LLC acquired a new stake in Resolute Holdings Management in the 4th quarter valued at about $35,000. SG Americas Securities LLC acquired a new stake in Resolute Holdings Management in the 4th quarter valued at about $267,000. Leo Wealth LLC acquired a new stake in Resolute Holdings Management in the 4th quarter valued at about $2,238,000. Finally, State of Alaska Department of Revenue acquired a new stake in Resolute Holdings Management in the 4th quarter valued at about $282,000.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Weiss Ratings downgraded 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 downgraded shares of Resolute Holdings Management from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Resolute Holdings Management has an average rating of "Sell".
View Our Latest Stock Analysis on Resolute Holdings Management
Resolute Holdings Management Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
