Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Up 47.9% in February

Hillman Solutions Corp (NASDAQ:HLMN) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,490,000 shares, a growth of 47.9% from the February 13th total of 2,360,000 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 979,300 shares, the days-to-cover ratio is presently 3.6 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays lowered their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird lowered their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Two investment 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, Hillman Solutions presently has an average rating of “Moderate Buy” and an average price target of $13.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new position in Hillman Solutions during the 4th quarter worth about $25,000. R Squared Ltd bought a new stake in shares of Hillman Solutions during the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its holdings 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 buying an additional 2,317 shares during the period. Quarry LP acquired a new position in Hillman Solutions in the third quarter valued at approximately $43,000. Finally, Sterling Capital Management LLC lifted its holdings in Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after buying an additional 4,572 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of HLMN traded up $0.09 during trading hours on Friday, hitting $9.25. The stock had a trading volume of 868,469 shares, compared to its average volume of 959,544. The company’s fifty day moving average is $9.90 and its two-hundred day moving average is $10.29. 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 $8.43 and a 52 week high of $12.08. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 115.64 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter last year, the company earned $0.10 EPS. On average, analysts anticipate that Hillman Solutions will post 0.58 EPS for the current year.

Hillman Solutions Company 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.