Jane Street Group LLC Has $668,000 Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Jane Street Group LLC lessened its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,623 shares of the company's stock after selling 58,887 shares during the quarter. Jane Street Group LLC's holdings in Hillman Solutions were worth $668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after acquiring an additional 509,016 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after purchasing an additional 605,049 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Hillman Solutions by 8.6% in the fourth quarter. Northern Trust Corp now owns 2,671,789 shares of the company's stock worth $26,023,000 after buying an additional 212,599 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hillman Solutions by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock worth $24,244,000 after buying an additional 73,216 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Hillman Solutions during the 4th quarter worth $17,290,000. Institutional investors own 98.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Raymond James set a $10.00 price target on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. 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 research report on Tuesday, April 8th. Finally, Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.00.

Hillman Solutions Price Performance

HLMN stock traded up $0.11 during trading on Thursday, hitting $7.44. 995,568 shares of the stock traded hands, compared to its average volume of 1,069,788. Hillman Solutions Corp has a one year low of $6.64 and a one year high of $12.08. The company has a 50 day simple moving average of $7.83 and a 200 day simple moving average of $9.37. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 93.01 and a beta of 1.70.

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

Insiders Place Their Bets

In related news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the purchase, the chief financial officer now owns 632,752 shares in the company, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.10% of the company's stock.

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.