Skylands Capital LLC Boosts Stock Holdings in Hillman Solutions Corp. (NASDAQ:HLMN)

Skylands Capital LLC raised its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 156.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,000 shares of the company's stock after acquiring an additional 75,650 shares during the quarter. Skylands Capital LLC owned about 0.06% of Hillman Solutions worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Hillman Solutions during the 1st quarter valued at $567,000. JPMorgan Chase & Co. increased its holdings in shares of Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after purchasing an additional 509,016 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in shares of Hillman Solutions in the fourth quarter worth $17,290,000. Barclays PLC increased its holdings in shares of Hillman Solutions by 11.2% in the fourth quarter. Barclays PLC now owns 339,733 shares of the company's stock worth $3,309,000 after purchasing an additional 34,265 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock worth $24,244,000 after purchasing an additional 73,216 shares during the period. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Price Performance

HLMN traded up $0.07 during trading on Friday, reaching $7.14. The stock had a trading volume of 4,472,754 shares, compared to its average volume of 1,126,254. The stock has a market cap of $1.41 billion, a PE ratio of 79.34 and a beta of 1.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. Hillman Solutions Corp. has a one year low of $6.55 and a one year high of $12.08. The business has a 50-day moving average of $7.37 and a 200-day moving average of $8.74.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The firm's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, equities research analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HLMN shares. Raymond James Financial set a $10.00 price target on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays decreased their price target 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 shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Robert W. Baird decreased their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.