Hillman Solutions Corp (NASDAQ:HLMN) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,818,299 shares of the company's stock after acquiring an additional 180,416 shares during the quarter. Hillman Solutions makes up about 0.7% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 12th biggest holding. Harbor Capital Advisors Inc. owned approximately 0.92% of Hillman Solutions worth $15,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HLMN. Federated Hermes Inc. acquired a new position in shares of Hillman Solutions during the 4th quarter valued at about $25,000. Sterling Capital Management LLC raised 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 buying an additional 4,572 shares during the period. Lazard Asset Management LLC raised its holdings 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 valued at $63,000 after buying an additional 6,193 shares during the period. Venturi Wealth Management LLC raised 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 buying an additional 6,500 shares during the period. Finally, Jones Financial Companies Lllp raised 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 buying an additional 5,915 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Insider Transactions at Hillman Solutions

In related news, CFO Robert O. Kraft acquired 140,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost 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 in the company, valued at $4,486,211.68. This represents a 28.41% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.10% of the company's stock.

Wall Street Analyst Weigh In

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

Hillman Solutions Trading Down 5.0%

NASDAQ:HLMN traded down $0.36 on Friday, reaching $6.86. 1,137,104 shares of the company's stock were exchanged, compared to its average volume of 1,098,197. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 85.76 and a beta of 1.68. The business has a fifty day moving average of $7.54 and a 200-day moving average of $9.06. Hillman Solutions Corp has a 52-week low of $6.64 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. During the same period in the previous year, the company posted $0.10 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

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.