Harbor Capital Advisors Inc. Acquires 180,416 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

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

A number of other institutional investors have also recently bought and sold shares of HLMN. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Hillman Solutions by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after acquiring an additional 1,061 shares in the last quarter. Xponance Inc. grew its stake in Hillman Solutions by 10.1% in the fourth quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after purchasing an additional 1,297 shares in the last quarter. Cetera Investment Advisers increased its position in Hillman Solutions by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock worth $329,000 after purchasing an additional 1,325 shares during the last quarter. HighTower Advisors LLC increased its position in Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after purchasing an additional 1,562 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Hillman Solutions by 2.0% during the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after purchasing an additional 2,391 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN traded up $0.07 during trading hours on Tuesday, hitting $7.51. 787,640 shares of the stock were exchanged, compared to its average volume of 1,088,714. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company's 50 day moving average is $7.58 and its 200 day moving average is $9.15. The firm has a market capitalization of $1.48 billion, a P/E ratio of 93.89 and a beta of 1.68. Hillman Solutions Corp has a one year low of $6.64 and a one year high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm 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 business earned $0.10 EPS. The business's revenue was up 2.6% on a year-over-year basis. On average, research analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, CFO Robert O. Kraft bought 140,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the purchase, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on HLMN. Benchmark reissued a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays decreased their target price 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. Robert W. Baird reduced 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 note on Wednesday, April 30th. Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Raymond James set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.00.

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.