Pillsbury Lake Capital LLC Invests $6.96 Billion in Resolute Holdings Management, Inc. $RHLD

Pillsbury Lake Capital LLC acquired a new stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 48,165 shares of the company’s stock, valued at approximately $6,961,287,000. Resolute Holdings Management makes up about 1.9% of Pillsbury Lake Capital LLC’s holdings, making the stock its 29th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in Resolute Holdings Management in the 4th quarter worth approximately $27,000. KBC Group NV purchased a new position in Resolute Holdings Management during the first quarter valued at approximately $25,000. Gamco Investors INC. ET AL lifted its holdings in Resolute Holdings Management by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock valued at $3,116,000 after purchasing an additional 200 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Resolute Holdings Management during the fourth quarter valued at approximately $52,000. Finally, California State Teachers Retirement System bought a new position in shares of Resolute Holdings Management in the fourth quarter worth approximately $54,000.

Resolute Holdings Management Stock Performance

NYSE:RHLD opened at $137.15 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. Resolute Holdings Management, Inc. has a 12-month low of $62.56 and a 12-month high of $236.19. The stock has a 50-day moving average price of $133.37 and a 200 day moving average price of $141.70. The stock has a market capitalization of $1.07 billion, a P/E ratio of 25.26 and a beta of -1.30.

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

Analyst Upgrades and Downgrades

RHLD has been the subject of a number of 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 reaffirmed a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Insider Activity

In related news, CFO Kurt Schoen acquired 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, for a total transaction of $44,190.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 52.80% of the stock is currently owned by insiders.

Resolute Holdings Management 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.