Key Points
- CFO Kurt Schoen purchased 375 RHLD shares at an average price of $117.84, investing $44,190 and increasing his direct ownership by 13.16% to 3,225 shares.
- RHLD opened at $129.05, with a market capitalization of about $1.01 billion and a price-to-earnings ratio of 23.77. The company recently reported quarterly EPS of $0.69 on revenue of $473.2 million.
- Analyst sentiment remains cautious: RHLD has an average “Sell” rating, although Wall Street Zen recently upgraded the stock to “Hold.” Several institutional investors also recently initiated positions.
Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report) CFO Kurt Schoen purchased 375 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the transaction, the chief financial officer directly owned 3,225 shares of the company's stock, valued at $380,034. This trade represents a 13.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Resolute Holdings Management Stock Up 1.1%
RHLD stock opened at $129.05 on Tuesday. Resolute Holdings Management, Inc. has a 52 week low of $57.00 and a 52 week high of $236.19. The business has a 50-day simple moving average of $132.81 and a 200 day simple moving average of $142.33. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.01 billion, a PE ratio of 23.77 and a beta of -1.29.
Resolute Holdings Management (NYSE:RHLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%. The firm had revenue of $473.20 million for the quarter.
Wall Street Analysts Forecast Growth
RHLD has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Resolute Holdings Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings restated a "sell (e+)" rating on shares of Resolute Holdings Management in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Resolute Holdings Management presently has an average rating of "Sell".
Get Our Latest Stock Report on Resolute Holdings Management
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV acquired a new stake in shares of Resolute Holdings Management in the 1st quarter valued at approximately $25,000. Farther Finance Advisors LLC bought a new position in Resolute Holdings Management in the 4th quarter valued at approximately $27,000. Kestra Advisory Services LLC bought a new position in Resolute Holdings Management in the 4th quarter valued at approximately $52,000. California State Teachers Retirement System acquired a new stake in Resolute Holdings Management in the fourth quarter valued at approximately $54,000. Finally, Bard Associates Inc. acquired a new stake in Resolute Holdings Management in the second quarter valued at approximately $84,000.
About Resolute Holdings Management
(
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.
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