Envestnet Asset Management Inc. Sells 42,731 Shares of Hillman Solutions Corp. (NASDAQ:HLMN)

Envestnet Asset Management Inc. reduced its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445,437 shares of the company's stock after selling 42,731 shares during the quarter. Envestnet Asset Management Inc. owned about 0.73% of Hillman Solutions worth $12,705,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Federated Hermes Inc. bought a new stake in Hillman Solutions during the 4th quarter worth approximately $25,000. KBC Group NV bought a new position in shares of Hillman Solutions during the 1st quarter valued at $35,000. Sterling Capital Management LLC grew its holdings in shares of Hillman Solutions by 765.8% during 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 during the last quarter. Lazard Asset Management LLC increased its stake in Hillman Solutions by 1,911.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after purchasing an additional 6,193 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Hillman Solutions in the 4th quarter worth $79,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Up 1.4%

HLMN stock traded up $0.11 during midday trading on Wednesday, hitting $8.21. The stock had a trading volume of 1,626,756 shares, compared to its average volume of 1,176,150. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79. The business has a 50-day moving average of $7.43 and a two-hundred day moving average of $8.46. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 91.23 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $359.34 million for the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. Hillman Solutions's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the acquisition, the chief financial officer directly owned 632,752 shares in the company, valued at $4,486,211.68. This trade represents a 28.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HLMN shares. Stifel Nicolaus started coverage on shares of Hillman Solutions in a report on Monday, July 14th. They issued a "buy" rating and a $9.50 price target on the stock. Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. 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 target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Raymond James Financial set a $10.00 target price on shares of 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 four have given a buy rating to the company's stock. According to MarketBeat, Hillman Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

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.