Hillman Solutions Corp. $HLMN Position Cut by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC cut its Hillman Solutions stake by 6.6%, selling 153,132 shares and leaving it with 2,166,002 shares (about 1.10% of the company) valued at roughly $18.76 million at quarter-end.
• Analysts hold a consensus of “Moderate Buy” (4 Buys, 3 Holds) with an average price target of $11.33, while several firms have recently trimmed price targets to roughly $14 and one downgraded the stock to Hold.
• Amanda Kitzberger sold 11,804 shares at $8.29 (~$97,855), reducing her ownership by 13.98%; insiders own 4.90% of the company and the stock trades near $8.32 with a market cap around $1.64 billion.

Riverbridge Partners LLC reduced its holdings in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,166,002 shares of the company's stock after selling 153,132 shares during the quarter. Riverbridge Partners LLC owned 1.10% of Hillman Solutions worth $18,758,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HLMN. CWM LLC grew its stake in shares of Hillman Solutions by 106.3% in the third quarter. CWM LLC now owns 3,441 shares of the company's stock worth $32,000 after purchasing an additional 1,773 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Hillman Solutions during the third quarter valued at about $59,000. Advisory Services Network LLC bought a new stake in shares of Hillman Solutions during the third quarter valued at about $63,000. Lazard Asset Management LLC acquired a new stake in Hillman Solutions in the second quarter worth about $75,000. Finally, Entropy Technologies LP lifted its holdings in Hillman Solutions by 17.8% in the second quarter. Entropy Technologies LP now owns 13,100 shares of the company's stock worth $94,000 after purchasing an additional 1,977 shares during the period. Institutional investors own 98.11% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HLMN. Weiss Ratings reissued a "hold (c)" rating on shares of Hillman Solutions in a research note on Friday, January 9th. Wall Street Zen lowered shares of Hillman Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Canaccord Genuity Group reiterated a "buy" rating and issued a $14.00 price objective on shares of Hillman Solutions in a report on Tuesday. Finally, Benchmark lowered their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.33.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $8.32 on Friday. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $10.85. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $9.02 and a two-hundred day moving average of $9.11. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.62, a PEG ratio of 1.16 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The company had revenue of $365.14 million for the quarter, compared to analysts' expectations of $371.69 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business's revenue was up 4.5% compared to the same quarter last year. As a group, analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of Hillman Solutions stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total value of $97,855.16. Following the transaction, the insider owned 72,605 shares in the company, valued at approximately $601,895.45. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.90% of the company's stock.

About Hillman Solutions

Hillman Solutions NASDAQ: HLMN is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company's portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman's product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.

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