Harbor Capital Advisors Inc. Has $15.98 Million Position in Hillman Solutions Corp (NASDAQ:HLMN)

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

Several other large investors have also made changes to their positions in the company. Federated Hermes Inc. bought a new position in Hillman Solutions during the fourth quarter worth $25,000. Sterling Capital Management LLC increased its holdings in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after buying an additional 4,572 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Hillman Solutions by 1,911.4% in the fourth 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 in the last quarter. Venturi Wealth Management LLC grew its holdings in Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after purchasing an additional 5,915 shares during the last quarter. Institutional investors own 98.11% of the company's stock.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several analyst reports. Robert W. Baird lowered their price target 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. Raymond James set a $10.00 target price on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays dropped 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. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.00.

Hillman Solutions Stock Down 0.3%

HLMN stock traded down $0.03 during midday trading on Wednesday, hitting $7.49. The company's stock had a trading volume of 118,594 shares, compared to its average volume of 1,087,794. The company's fifty day moving average price is $7.57 and its 200 day moving average price is $9.14. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month high of $12.08. 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 stock has a market capitalization of $1.48 billion, a P/E ratio of 93.70 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (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 return on equity of 8.79% and a net margin of 1.17%. Hillman Solutions's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. As a group, equities research analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Activity at Hillman Solutions

In other news, CFO Robert O. Kraft purchased 140,000 shares of the company's stock in a transaction on 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 transaction, the chief financial officer now owns 632,752 shares of the company's stock, valued at $4,486,211.68. The trade was a 28.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is owned by company insiders.

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.