Resolute Holdings Management (NYSE:RHLD) Shares Down 10.2% – Time to Sell?

Resolute Holdings Management, Inc. (NYSE:RHLD) shares fell 10.2% during trading on Tuesday . The company traded as low as $140.01 and last traded at $140.6470. 54,085 shares were traded during trading, a decline of 72% from the average daily volume of 190,105 shares. The stock had previously closed at $156.65.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen cut Resolute Holdings Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Resolute Holdings Management Trading Down 10.8%

The firm has a fifty day moving average of $123.91 and a two-hundred day moving average of $160.80. The company has a market cap of $1.15 billion, a PE ratio of 20.29 and a beta of -1.65. The company has a current ratio of 1.59, a quick ratio of 0.89 and a debt-to-equity ratio of 0.71.

Insider Transactions at Resolute Holdings Management

In other news, Director Krishna Mikkilineni bought 921 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $108.52 per share, for a total transaction of $99,946.92. Following the completion of the acquisition, the director owned 1,145 shares in the company, valued at approximately $124,255.40. This trade represents a 411.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kurt Schoen purchased 450 shares of Resolute Holdings Management stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $108.34 per share, for a total transaction of $48,753.00. Following the transaction, the chief financial officer directly owned 2,850 shares of the company’s stock, valued at $308,769. This trade represents a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 52.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV bought a new position in Resolute Holdings Management during the first quarter valued at $25,000. Farther Finance Advisors LLC purchased a new position in Resolute Holdings Management in the fourth quarter worth about $27,000. GAMMA Investing LLC purchased a new stake in Resolute Holdings Management during the fourth quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new stake in shares of Resolute Holdings Management in the 4th quarter valued at approximately $52,000. Finally, California State Teachers Retirement System purchased a new position in shares of Resolute Holdings Management in the 4th quarter worth approximately $54,000.

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.