Hillman Solutions Corp (NASDAQ:HLMN) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,637,883 shares of the company’s stock after buying an additional 26,832 shares during the quarter. Hillman Solutions accounts for approximately 0.7% of Harbor Capital Advisors Inc.’s holdings, making the stock its 13th largest holding. Harbor Capital Advisors Inc.’s holdings in Hillman Solutions were worth $15,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLMN. First Horizon Advisors Inc. grew its stake in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Hillman Solutions by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after acquiring an additional 3,129 shares during the period. Quarry LP bought a new stake in Hillman Solutions in the 3rd quarter valued at about $43,000. Benjamin F. Edwards & Company Inc. grew its position in Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after purchasing an additional 4,473 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Hillman Solutions by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock valued at $892,000 after buying an additional 4,581 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLMN has been the topic of a number of research analyst reports. Barclays raised their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Benchmark boosted their target price on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.20.

Hillman Solutions Stock Performance

NASDAQ:HLMN traded down $0.24 during midday trading on Friday, reaching $9.24. The stock had a trading volume of 217,626 shares, compared to its average volume of 748,676. The stock has a market capitalization of $1.82 billion, a P/E ratio of 231.06 and a beta of 1.68. The firm’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $10.08. Hillman Solutions Corp has a 1-year low of $8.43 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.

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 analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same quarter last year, the firm posted $0.11 EPS. The company’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

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 dated Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of the company’s 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 transaction, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

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.