Kurt Schoen Purchases 375 Shares of Resolute Holdings Management (NYSE:RHLD) Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) CFO Kurt Schoen purchased 375 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $117.84 per share, for a total transaction of $44,190.00. Following the completion of the acquisition, the chief financial officer directly owned 3,225 shares in the company, valued at approximately $380,034. This represents a 13.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Resolute Holdings Management Stock Performance

Shares of RHLD stock opened at $144.48 on Wednesday. The firm has a 50 day moving average of $133.22 and a 200-day moving average of $142.04. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 26.61 and a beta of -1.30. The company has a quick ratio of 0.82, a current ratio of 1.35 and a debt-to-equity ratio of 0.71. Resolute Holdings Management, Inc. has a 52 week low of $57.00 and a 52 week high of $236.19.

Resolute Holdings Management (NYSE:RHLD) last released its earnings results on Thursday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter. The company had revenue of $473.20 million for the quarter. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RHLD shares. Weiss Ratings restated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Resolute Holdings Management

Several institutional investors and hedge funds have recently made changes to their positions in RHLD. Farther Finance Advisors LLC purchased a new stake in Resolute Holdings Management in the 4th quarter valued at about $27,000. KBC Group NV purchased a new position in shares of Resolute Holdings Management in the 1st quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $52,000. California State Teachers Retirement System bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $54,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Resolute Holdings Management in the fourth quarter valued at approximately $86,000.

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.