Arrowstreet Capital Limited Partnership Increases Position in Hillman Solutions Corp (NASDAQ:HLMN)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 629.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 529,235 shares of the company's stock after acquiring an additional 456,666 shares during the period. Arrowstreet Capital Limited Partnership owned 0.27% of Hillman Solutions worth $5,155,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. R Squared Ltd purchased a new position in Hillman Solutions during the 4th quarter worth $32,000. Quarry LP acquired a new stake in shares of Hillman Solutions during the third quarter worth about $43,000. Venturi Wealth Management LLC grew its holdings in shares of Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after buying an additional 6,500 shares during the last quarter. Jones Financial Companies Lllp increased its position in Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after acquiring an additional 5,915 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $106,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLMN. Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays cut their price objective on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday. Robert W. Baird decreased their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.25.

Hillman Solutions Trading Up 2.0 %

Shares of NASDAQ:HLMN traded up $0.15 during trading on Friday, reaching $7.71. 1,625,330 shares of the stock were exchanged, compared to its average volume of 948,585. Hillman Solutions Corp has a 12-month low of $7.24 and a 12-month high of $12.08. The firm's 50-day moving average price is $9.25 and its 200 day moving average price is $10.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 96.39 and a beta of 1.67.

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