MCF Advisors LLC Sells 32,160 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

MCF Advisors LLC cut its position in Hillman Solutions Corp (NASDAQ:HLMN) by 12.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,338 shares of the company’s stock after selling 32,160 shares during the quarter. MCF Advisors LLC’s holdings in Hillman Solutions were worth $2,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares during the last quarter. Quarry LP bought a new stake in shares of Hillman Solutions during the 3rd quarter valued at approximately $43,000. Canada Pension Plan Investment Board acquired a new position in Hillman Solutions during the 2nd quarter worth approximately $57,000. Benjamin F. Edwards & Company Inc. increased its position in Hillman Solutions by 103.9% during 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 in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in Hillman Solutions in the 3rd quarter valued at approximately $132,000. Institutional investors own 98.11% of the company’s stock.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Hillman Solutions Trading Up 2.8 %

NASDAQ HLMN opened at $10.28 on Wednesday. The firm has a market capitalization of $2.02 billion, a PE ratio of 257.06 and a beta of 1.68. The business’s 50-day moving average price is $10.45 and its two-hundred day moving average price is $10.17. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 12 month low of $8.43 and a 12 month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 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 business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.