Janney Montgomery Scott LLC Increases Position in Hillman Solutions Corp (NASDAQ:HLMN)

Janney Montgomery Scott LLC boosted its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 28.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,453 shares of the company’s stock after purchasing an additional 20,920 shares during the period. Janney Montgomery Scott LLC’s holdings in Hillman Solutions were worth $910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLMN. First Horizon Advisors Inc. boosted its stake in shares of Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares during the last quarter. Quarry LP bought a new stake in shares of Hillman Solutions in the third quarter worth $43,000. The Manufacturers Life Insurance Company raised its holdings in Hillman Solutions by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock valued at $892,000 after acquiring an additional 4,581 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Hillman Solutions by 20.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after acquiring an additional 5,273 shares during the last quarter. Finally, Bernzott Capital Advisors grew its holdings in Hillman Solutions by 0.8% during the 3rd quarter. Bernzott Capital Advisors now owns 761,141 shares of the company’s stock worth $8,038,000 after acquiring an additional 5,882 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Up 0.9 %

Shares of NASDAQ HLMN opened at $10.00 on Thursday. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 250.06 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. The stock’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $10.23.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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 completion of the transaction, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 in the company, valued at $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

About Hillman Solutions

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.