Hillman Solutions Corp (NASDAQ:HLMN) Shares Acquired by Bailard Inc.

Bailard Inc. lifted its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,500 shares of the company’s stock after purchasing an additional 4,600 shares during the quarter. Bailard Inc.’s holdings in Hillman Solutions were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HLMN. First Horizon Advisors Inc. grew its holdings in shares of Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 shares during the period. R Squared Ltd acquired a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $32,000. Oppenheimer Asset Management Inc. raised its position in shares of Hillman Solutions by 4.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company’s stock valued at $768,000 after buying an additional 3,476 shares during the period. Handelsbanken Fonder AB lifted its holdings in Hillman Solutions by 6.9% in the fourth quarter. Handelsbanken Fonder AB now owns 60,100 shares of the company’s stock valued at $585,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Quarry LP purchased a new position in Hillman Solutions in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

HLMN opened at $9.25 on Wednesday. The stock’s 50-day moving average price is $9.95 and its 200 day moving average price is $10.29. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 115.64 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period in the prior year, the company posted $0.10 EPS. As a group, sell-side analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on HLMN shares. Barclays reduced their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Robert W. Baird reduced their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Benchmark reiterated a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.