R Squared Ltd Takes $32,000 Position in Hillman Solutions Corp (NASDAQ:HLMN)

R Squared Ltd acquired a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,270 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Hillman Solutions by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after acquiring an additional 4,581 shares during the last quarter. Algert Global LLC bought a new position in shares of Hillman Solutions in the second quarter worth about $334,000. Sanctuary Advisors LLC bought a new position in shares of Hillman Solutions in the second quarter worth about $257,000. Handelsbanken Fonder AB lifted its holdings in shares of Hillman Solutions by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock worth $593,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays decreased their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark raised their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $9.72 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.91 billion, a PE ratio of 243.06 and a beta of 1.68. The business has a 50 day moving average of $10.30 and a 200 day moving average of $10.23. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08.

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

Insider Activity

In related news, insider Scott Ride sold 72,523 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, Director Philip Woodlief sold 19,779 shares of the stock in a transaction on Friday, December 6th. The shares were 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 $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

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.