Bosun Asset Management LLC purchased a new stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,716 shares of the company's stock, valued at approximately $445,000.
Other large investors also recently modified their holdings of the company. Barclays PLC grew its position in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after acquiring an additional 233,894 shares during the period. Nordea Investment Management AB bought a new stake in shares of Hillman Solutions during the 4th quarter valued at about $4,631,000. Harbor Capital Advisors Inc. grew its stake in Hillman Solutions by 1.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company's stock worth $15,953,000 after buying an additional 26,832 shares in the last quarter. Reinhart Partners LLC. increased its stake in Hillman Solutions by 1.7% in the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock valued at $74,145,000 after acquiring an additional 130,273 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Hillman Solutions by 28.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company's stock valued at $910,000 after buying an additional 20,920 shares in the last quarter. Institutional investors own 98.11% of the company's stock.
Hillman Solutions Stock Performance
NASDAQ HLMN traded up $0.07 during trading hours on Friday, hitting $7.75. The company had a trading volume of 1,701,763 shares, compared to its average volume of 1,046,631. The business has a 50 day moving average of $8.22 and a 200-day moving average of $9.64. 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 1-year low of $6.64 and a 1-year high of $12.08. The company has a market cap of $1.53 billion, a PE ratio of 96.89 and a beta of 1.70.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $359.34 million for the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current year.
Insider Activity at Hillman Solutions
In other news, CFO Robert O. Kraft acquired 140,000 shares of the stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $7.09 per share, with a total value of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at $4,486,211.68. The trade was a 28.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. 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 report on Tuesday, April 8th. Raymond James set a $10.00 price objective on Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.00.
Check Out Our Latest Analysis on Hillman Solutions
About Hillman Solutions
(
Free Report)
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.
Further Reading
Before you consider Hillman Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hillman Solutions wasn't on the list.
While Hillman Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
