Connors Investor Services Inc. Makes New Investment in Hillman Solutions Corp (NASDAQ:HLMN)

Connors Investor Services Inc. acquired a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 224,718 shares of the company's stock, valued at approximately $2,189,000. Connors Investor Services Inc. owned approximately 0.11% of Hillman Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HLMN. JPMorgan Chase & Co. increased its stake in shares of Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. Reinhart Partners LLC. increased its holdings 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 buying an additional 130,273 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after buying an additional 605,049 shares in the last quarter. Northern Trust Corp lifted its holdings in Hillman Solutions by 8.6% during the 4th quarter. Northern Trust Corp now owns 2,671,789 shares of the company's stock worth $26,023,000 after buying an additional 212,599 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Hillman Solutions by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock worth $24,244,000 after acquiring an additional 73,216 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN traded up $0.36 during midday trading on Monday, hitting $7.50. 2,001,816 shares of the company's stock were exchanged, compared to its average volume of 1,027,832. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month high of $12.08. The firm has a market cap of $1.48 billion, a P/E ratio of 93.81 and a beta of 1.67. The stock's 50 day moving average price is $8.44 and its 200-day moving average price is $9.74. 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 (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $7.09 per share, with a total value of $992,600.00. Following the purchase, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at approximately $4,486,211.68. This trade represents a 28.41 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several recent research reports. Robert W. Baird lowered their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Barclays lowered their target price 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. Benchmark reissued a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $11.25.

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.