Deutsche Bank AG Acquires 59,675 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Deutsche Bank AG raised its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 53.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 171,077 shares of the company's stock after purchasing an additional 59,675 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Hillman Solutions worth $1,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HLMN. Barclays PLC increased its position in 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 purchasing an additional 233,894 shares during the period. Janney Montgomery Scott LLC grew its position 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 worth $910,000 after buying an additional 20,920 shares during the period. R Squared Ltd acquired a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $32,000. Entropy Technologies LP acquired a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $106,000. Finally, Venturi Wealth Management LLC grew its position in shares of Hillman Solutions by 1,337.4% during the 4th 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 period. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN traded down $0.01 during mid-day trading on Thursday, reaching $7.33. 100,409 shares of the company's stock were exchanged, compared to its average volume of 1,066,303. Hillman Solutions Corp has a 52 week low of $6.64 and a 52 week high of $12.08. The firm has a 50-day moving average price of $7.83 and a two-hundred day moving average price of $9.37. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 91.57 and a beta of 1.70. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate 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 earned $0.10 earnings per share. Hillman Solutions's revenue was up 2.6% on a year-over-year basis. Analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HLMN shares. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird cut their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Barclays cut their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.00.

Hillman Solutions 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.