Riverbridge Partners LLC lessened its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN – Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,054,588 shares of the company’s stock after selling 111,414 shares during the quarter. Riverbridge Partners LLC’s holdings in Hillman Solutions were worth $17,094,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLMN. MGO One Seven LLC raised its holdings in Hillman Solutions by 3.8% in the 4th quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock worth $260,000 after purchasing an additional 1,109 shares in the last quarter. MQS Management LLC boosted its stake in shares of Hillman Solutions by 11.1% during the 4th quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after purchasing an additional 1,406 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Hillman Solutions by 6.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock valued at $273,000 after purchasing an additional 1,773 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Hillman Solutions by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock valued at $314,000 after buying an additional 2,332 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in Hillman Solutions by 13.5% in the fourth quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock worth $174,000 after buying an additional 2,397 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on HLMN. Weiss Ratings lowered shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 target price on shares of Hillman Solutions in a report on Tuesday, March 24th. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.50.
Hillman Solutions Stock Down 1.4%
NASDAQ:HLMN opened at $7.78 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82. The firm’s 50-day moving average price is $7.86 and its 200-day moving average price is $8.58. The company has a market capitalization of $1.53 billion, a PE ratio of 40.95, a P/E/G ratio of 1.10 and a beta of 1.42. Hillman Solutions Corp. has a 1-year low of $6.75 and a 1-year high of $10.85.
Hillman Solutions (NASDAQ:HLMN – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business had revenue of $370.07 million for the quarter, compared to analysts’ expectations of $371.73 million. During the same period last year, the business earned $0.10 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.
About Hillman Solutions
Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.
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