Resolute Holdings Management (NYSE:RHLD) Director Krishna Mikkilineni Acquires 921 Shares of Stock

Resolute Holdings Management, Inc. (NYSE:RHLD) Director Krishna Mikkilineni bought 921 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the purchase, the director owned 1,145 shares of the company’s stock, valued at approximately $124,255.40. This represents a 411.16% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Resolute Holdings Management Stock Performance

Shares of RHLD opened at $102.99 on Friday. The company has a current ratio of 1.59, a quick ratio of 3.27 and a debt-to-equity ratio of 0.71. Resolute Holdings Management, Inc. has a 12 month low of $28.92 and a 12 month high of $236.19. The company has a market cap of $850.69 million, a price-to-earnings ratio of 14.95 and a beta of -1.21. The business’s fifty day simple moving average is $143.81 and its two-hundred day simple moving average is $171.10.

Institutional Trading of Resolute Holdings Management

Several hedge funds have recently modified their holdings of RHLD. Locust Wood Capital Advisers LLC purchased a new position in shares of Resolute Holdings Management in the fourth quarter valued at $112,292,000. Corsair Capital Management L.P. raised its stake in 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 valued at $42,050,000 after purchasing an additional 51,317 shares in the last quarter. Balance Capital Partners L.P. bought a new position in Resolute Holdings Management during the fourth quarter valued at $52,169,000. Vanguard Group Inc. purchased a new position in shares of Resolute Holdings Management in the 4th quarter worth $47,149,000. Finally, UBS Group AG purchased a new position in shares of Resolute Holdings Management in the 4th quarter worth $28,228,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RHLD shares. Wall Street Zen downgraded Resolute Holdings Management from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings cut shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average 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.