Hillman Solutions Corp. $HLMN Shares Newly Acquired by Ellsworth Advisors LLC

Key Points

• Ellsworth Advisors LLC acquired 775,671 shares of Hillman Solutions in the third quarter, worth approximately $5.4 million and representing about 0.40% of the company. Institutional investors and hedge funds collectively own 98.11% of HLMN.
• Hillman reported quarterly EPS of $0.17, matching estimates, while revenue of $442.25 million exceeded the $433.67 million consensus forecast. Analysts expect full-year EPS of approximately $0.60.
• Analyst sentiment is broadly positive but mixed, with a consensus “Moderate Buy” rating and a $12.67 price target versus the stock’s recent price of $7.26. The company’s CFO also purchased 35,500 shares, while another insider sold 13,750 shares.

Ellsworth Advisors LLC bought a new position in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 775,671 shares of the company's stock, valued at approximately $5,422,000. Ellsworth Advisors LLC owned about 0.40% of Hillman Solutions at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Hillman Solutions during the 2nd quarter worth approximately $125,138,000. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company's stock valued at $80,358,000 after purchasing an additional 870,216 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Hillman Solutions in the 2nd quarter valued at approximately $67,324,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hillman Solutions in the 2nd quarter valued at approximately $30,105,000. Finally, Anchor Capital Management Company LLC boosted its position in Hillman Solutions by 33.1% in the first quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company's stock valued at $21,095,000 after buying an additional 630,000 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $7.26 on Friday. The stock has a market cap of $1.41 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The stock's 50-day moving average is $7.62 and its 200-day moving average is $7.87. Hillman Solutions Corp. has a 1-year low of $6.66 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Equities research analysts anticipate that Hillman Solutions Corp. will post 0.60 earnings per share for the current year.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert Kraft bought 35,500 shares of Hillman Solutions stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $7.00 per share, with a total value of $248,500.00. Following the acquisition, the chief financial officer directly owned 697,090 shares of the company's stock, valued at $4,879,630. The trade was a 5.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amanda Kitzberger sold 13,750 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the transaction, the insider owned 58,855 shares of the company's stock, valued at approximately $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HLMN. Barclays boosted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, August 10th. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a research note on Thursday, September 10th. Weiss Ratings upgraded Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Canaccord Genuity Group cut their price objective on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Finally, Raymond James Financial downgraded Hillman Solutions from an "outperform" rating to a "hold" rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hillman Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.67.

Hillman Solutions Company Profile

Hillman Solutions Corp. NASDAQ: HLMN is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder's hardware; and other small hardware items.

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