Resolute Holdings Management (NYSE:RHLD) Announces Earnings Results

Resolute Holdings Management (NYSE:RHLD) announced its quarterly earnings data on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, FiscalAI reports. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%. The company had revenue of $509.60 million during the quarter.

Resolute Holdings Management Trading Up 21.5%

Shares of Resolute Holdings Management stock traded up $27.90 during mid-day trading on Friday, hitting $157.83. The stock had a trading volume of 192,140 shares, compared to its average volume of 170,331. The firm has a 50-day moving average of $122.93 and a two-hundred day moving average of $140.68. Resolute Holdings Management has a 12-month low of $96.79 and a 12-month high of $236.19. 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 firm has a market cap of $1.23 billion, a P/E ratio of 29.07 and a beta of -0.83.

Insider Activity

In other news, CFO Kurt Schoen purchased 375 shares of Resolute Holdings Management stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $117.84 per share, with a total value of $44,190.00. Following the transaction, the chief financial officer owned 3,225 shares in the company, valued at $380,034. This represents a 13.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 52.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RHLD. BlackRock Inc. purchased a new stake in Resolute Holdings Management in the second quarter valued at approximately $45,305,000. Corsair Capital Management L.P. boosted its position in shares of Resolute Holdings Management by 24.7% during the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock worth $42,050,000 after buying an additional 51,317 shares during the period. J. Goldman & Co LP purchased a new position in shares of Resolute Holdings Management during the second quarter worth $34,747,000. Tikvah Management LLC boosted its position in shares of Resolute Holdings Management by 11.6% during the second quarter. Tikvah Management LLC now owns 219,076 shares of the company’s stock worth $31,663,000 after buying an additional 22,785 shares during the period. Finally, Balance Capital Partners L.P. acquired a new stake in shares of Resolute Holdings Management in the second quarter valued at $9,325,943.

Wall Street Analyst Weigh In

RHLD has been the topic of a number of research reports. Weiss Ratings lowered shares of Resolute Holdings Management from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded Resolute Holdings Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Resolute Holdings Management Company Profile

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.