Envestnet Asset Management Inc. Reduces Stock Position in Hillman Solutions Corp. (NASDAQ:HLMN)

Envestnet Asset Management Inc. cut its holdings in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,445,437 shares of the company's stock after selling 42,731 shares during the period. Envestnet Asset Management Inc. owned 0.73% of Hillman Solutions worth $12,705,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in shares of Hillman Solutions in the 4th quarter worth approximately $25,000. KBC Group NV acquired a new position in shares of Hillman Solutions in the 1st quarter worth approximately $35,000. Sterling Capital Management LLC boosted its holdings in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 6,193 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hillman Solutions in the 4th quarter worth approximately $79,000. 98.11% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Robert O. Kraft purchased 140,000 shares of Hillman Solutions stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the transaction, the chief financial officer owned 632,752 shares of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.90% of the company's stock.

Hillman Solutions Trading Up 2.9%

Shares of HLMN traded up $0.23 during trading hours on Tuesday, reaching $8.04. The stock had a trading volume of 648,692 shares, compared to its average volume of 1,166,520. The company has a market cap of $1.59 billion, a P/E ratio of 89.18 and a beta of 1.65. The company has a quick ratio of 0.79, a current ratio of 2.46 and a debt-to-equity ratio of 0.60. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $12.08. The firm has a 50-day moving average of $7.44 and a 200 day moving average of $8.48.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. Hillman Solutions's revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. On average, sell-side analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLMN. Raymond James Financial set a $10.00 target price on Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Robert W. Baird dropped their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus started coverage on shares of Hillman Solutions in a research report on Monday, July 14th. They issued a "buy" rating and a $9.50 price objective for the company. Finally, Barclays dropped their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Hillman Solutions currently has an average rating of "Moderate Buy" and an average target price 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.