Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 46.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,623 shares of the company's stock after selling 58,887 shares during the period. Jane Street Group LLC's holdings in Hillman Solutions were worth $668,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLMN. Federated Hermes Inc. purchased a new position in Hillman Solutions in the fourth quarter valued at about $25,000. R Squared Ltd acquired a new stake in shares of Hillman Solutions in the fourth quarter worth $32,000. Sterling Capital Management LLC boosted its position in shares of Hillman Solutions by 765.8% in 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 during the period. Venturi Wealth Management LLC boosted its position in shares of Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after buying an additional 6,500 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after buying an additional 5,915 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Insider Activity at Hillman Solutions

In related news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the acquisition, the chief financial officer now owns 632,752 shares of the company's stock, valued at $4,486,211.68. This trade represents a 28.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Hillman Solutions Price Performance

HLMN traded down $0.16 during trading on Friday, hitting $7.28. 1,250,243 shares of the stock traded hands, compared to its average volume of 1,076,275. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month high of $12.08. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 91.01 and a beta of 1.70. 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 business has a 50 day moving average price of $7.76 and a 200 day moving average price of $9.31.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. Hillman Solutions's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities research analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird cut their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Raymond James set a $10.00 price objective on Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays lowered their price objective on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.00.

About Hillman Solutions

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.