Conestoga Capital Advisors LLC Sells 1,116,045 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Conestoga Capital Advisors LLC trimmed its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,422,829 shares of the company’s stock after selling 1,116,045 shares during the period. Conestoga Capital Advisors LLC’s holdings in Hillman Solutions were worth $72,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased 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 valued at $892,000 after purchasing an additional 4,581 shares during the last quarter. Algert Global LLC acquired a new position in shares of Hillman Solutions in the second quarter valued at approximately $334,000. Sanctuary Advisors LLC bought a new position in shares of Hillman Solutions during the second quarter worth approximately $257,000. Handelsbanken Fonder AB boosted its stake in Hillman Solutions by 22.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock valued at $593,000 after purchasing an additional 10,300 shares during the period. Finally, Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after buying an additional 503,809 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Down 1.3 %

Shares of HLMN stock opened at $10.00 on Monday. 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 firm has a market capitalization of $1.97 billion, a P/E ratio of 250.06 and a beta of 1.68. Hillman Solutions Corp has a twelve month low of $8.43 and a twelve month high of $12.08. The stock’s fifty day simple moving average is $10.34 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 (EPS) for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company 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 firm posted $0.11 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

HLMN has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Canaccord Genuity Group boosted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Benchmark raised their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Barclays dropped their price objective on 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Insider Transactions at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

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.