Resolute Holdings Management (NYSE:RHLD) Sets New 12-Month High – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $230.66 and last traded at $232.0190, with a volume of 65690 shares traded. The stock had previously closed at $211.22.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Resolute Holdings Management Trading Up 6.7%

The stock has a fifty day simple moving average of $190.88 and a 200 day simple moving average of $106.42. The company has a debt-to-equity ratio of 4.17, a quick ratio of 3.05 and a current ratio of 3.67. The firm has a market cap of $1.92 billion and a P/E ratio of -459.83.

Resolute Holdings Management (NYSE:RHLD) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.13 EPS for the quarter. The company had revenue of $120.87 million for the quarter. Resolute Holdings Management had a negative return on equity of 646.55% and a net margin of 23.82%.

Insider Activity at Resolute Holdings Management

In related news, Director Timothy O. Mahoney bought 5,939 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $168.52 per share, for a total transaction of $1,000,840.28. Following the purchase, the director owned 5,939 shares in the company, valued at approximately $1,000,840.28. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurt Schoen purchased 1,000 shares of the stock in a transaction dated Friday, November 7th. The shares were purchased at an average cost of $164.95 per share, for a total transaction of $164,950.00. Following the completion of the acquisition, the chief financial officer directly owned 1,000 shares in the company, valued at approximately $164,950. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 11,107 shares of company stock valued at $1,800,036 over the last three months. 50.80% of the stock is owned by corporate insiders.

Institutional Trading of Resolute Holdings Management

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Resolute Holdings Management during the third quarter valued at $173,000. SG Americas Securities LLC purchased a new stake in shares of Resolute Holdings Management during the 4th quarter valued at about $267,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Resolute Holdings Management during the 4th quarter valued at about $35,000.

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.