Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,187,892 shares of the company’s stock after selling 259,058 shares during the quarter. Riverbridge Partners LLC owned about 1.62% of Hillman Solutions worth $31,050,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in Hillman Solutions by 231.7% in the 3rd 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 stake in Hillman Solutions in the 3rd quarter valued at about $43,000. Canada Pension Plan Investment Board purchased a new position in shares of Hillman Solutions in the 2nd quarter valued at about $57,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after buying an additional 4,473 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Hillman Solutions during the third quarter worth approximately $132,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Down 1.2 %

Hillman Solutions stock opened at $10.16 on Thursday. The stock has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.17. The company has a market capitalization of $2.00 billion, a P/E ratio of 254.06 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share 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 company had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts expect that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of Hillman Solutions 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 directly owns 70,369 shares in the company, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of the business’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 value of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. The trade was 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 company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays dropped their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Benchmark raised their price target on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Canaccord Genuity Group boosted their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.