Dynamic Technology Lab Private Ltd Has $881,000 Position in Hillman Solutions Corp. $HLMN

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Hillman Solutions Corp. by 44.7% in Q1, owning a total of 100,208 shares valued at approximately $881,000.
• Institutional investors hold a substantial 98.11% of Hillman Solutions' stock, indicating strong backing from large financial entities.
• Hillman Solutions Corp. reported a better-than-expected earnings per share of $0.17, exceeding analysts' estimates, alongside a revenue growth of 6.2% year-over-year.

Dynamic Technology Lab Private Ltd lifted its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 44.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,208 shares of the company's stock after acquiring an additional 30,946 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Hillman Solutions worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Hillman Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock worth $172,067,000 after acquiring an additional 134,830 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Hillman Solutions by 0.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company's stock worth $124,949,000 after acquiring an additional 64,966 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Hillman Solutions by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock worth $83,416,000 after acquiring an additional 613,865 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 13.8% in the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after acquiring an additional 1,046,765 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Hillman Solutions by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock worth $63,007,000 after acquiring an additional 67,389 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Hillman Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus increased their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.83.

Insider Activity

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the sale, the insider directly owned 56,618 shares of the company's stock, valued at approximately $558,253.48. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company's stock.

Hillman Solutions Stock Down 2.6%

Hillman Solutions stock traded down $0.26 during mid-day trading on Friday, hitting $9.71. 656,968 shares of the company's stock were exchanged, compared to its average volume of 1,037,193. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.92 billion, a P/E ratio of 88.28 and a beta of 1.67. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The stock has a 50 day moving average of $9.04 and a two-hundred day moving average of $8.29.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. Hillman Solutions's revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS 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.