Cubist Systematic Strategies LLC bought a new position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 406,295 shares of the company's stock, valued at approximately $3,957,000. Cubist Systematic Strategies LLC owned 0.21% of Hillman Solutions at the end of the most recent quarter.
Several other large investors have also made changes to their positions in HLMN. Federated Hermes Inc. purchased a new position in shares of Hillman Solutions in the 4th quarter worth about $25,000. R Squared Ltd acquired a new stake in Hillman Solutions in the 4th quarter valued at $32,000. Sterling Capital Management LLC increased its holdings in Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 5,915 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.
Hillman Solutions Stock Down 0.2%
Shares of HLMN stock traded down $0.02 during trading hours on Thursday, hitting $8.06. 258,214 shares of the company were exchanged, compared to its average volume of 1,053,390. 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 one year low of $6.64 and a one year high of $12.08. The business's 50-day simple moving average is $8.14 and its two-hundred day simple moving average is $9.60. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 100.95 and a beta of 1.70.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. During the same quarter last year, the company posted $0.10 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.
Insider Transactions at Hillman Solutions
In related news, CFO Robert O. Kraft purchased 140,000 shares of Hillman Solutions stock in a transaction dated Thursday, May 1st. The shares were acquired 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company's stock.
Wall Street Analyst Weigh In
HLMN has been the subject of several recent research reports. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Robert W. Baird lowered their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Benchmark restated a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. 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 research note on Tuesday, April 8th. Finally, Raymond James set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $11.00.
Check Out Our Latest Analysis on HLMN
Hillman Solutions Company Profile
(
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.
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