Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Update

Hillman Solutions Corp (NASDAQ:HLMN) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,440,000 shares, an increase of 21.6% from the October 15th total of 2,830,000 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 853,000 shares, the days-to-cover ratio is presently 4.0 days.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Conestoga Capital Advisors LLC increased its position in shares of Hillman Solutions by 3.5% during the second quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock valued at $85,125,000 after acquiring an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in Hillman Solutions by 2.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after purchasing an additional 225,480 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after purchasing an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after purchasing an additional 93,759 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Hillman Solutions by 4.8% in the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after purchasing an additional 218,982 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Down 2.2 %

NASDAQ HLMN traded down $0.24 during trading hours on Friday, reaching $10.76. 723,399 shares of the company’s stock traded hands, compared to its average volume of 823,842. The firm has a market cap of $2.11 billion, a PE ratio of 269.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions has a 52-week low of $7.05 and a 52-week high of $12.08. The firm has a 50-day simple moving average of $10.51 and a 200 day simple moving average of $9.74.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Sell-side analysts anticipate that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HLMN shares. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays lifted their price objective on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

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.