36,080 Shares in Hillman Solutions Corp (NASDAQ:HLMN) Acquired by Quest Partners LLC

Quest Partners LLC bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,080 shares of the company’s stock, valued at approximately $381,000.

A number of other hedge funds have also recently added to or reduced their stakes in HLMN. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hillman Solutions by 167.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after acquiring an additional 156,449 shares in the last quarter. WCM Investment Management LLC raised its position in Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after purchasing an additional 49,306 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Hillman Solutions by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after purchasing an additional 70,861 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after buying an additional 914,151 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after buying an additional 225,480 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Up 1.9 %

Shares of NASDAQ:HLMN opened at $11.28 on Monday. Hillman Solutions Corp has a 1 year low of $7.06 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The business’s 50-day moving average is $10.64 and its 200-day moving average is $9.78. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 282.00 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Equities research analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird increased their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Barclays increased their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.