Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lowered its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,149,925 shares of the company's stock after selling 195,208 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 7.20% of Hillman Solutions worth $137,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after purchasing an additional 1,061 shares during the last quarter. Xponance Inc. raised its position in Hillman Solutions by 10.1% during the fourth quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after buying an additional 1,297 shares during the period. Cetera Investment Advisers boosted its position in Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock worth $329,000 after acquiring an additional 1,325 shares during the period. HighTower Advisors LLC grew its stake in Hillman Solutions by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock valued at $1,404,000 after purchasing an additional 1,562 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Hillman Solutions by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock valued at $1,163,000 after purchasing an additional 2,391 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insider Buying and Selling

In other news, CFO Robert O. Kraft acquired 140,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, with a total value 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. The trade was a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by insiders.

Hillman Solutions Stock Down 2.1%

NASDAQ HLMN traded down $0.16 on Friday, reaching $7.29. 420,980 shares of the stock traded hands, compared to its average volume of 1,068,402. The company has a fifty day moving average price of $7.80 and a 200-day moving average price of $9.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 91.07 and a beta of 1.70. Hillman Solutions Corp has a 12 month low of $6.64 and a 12 month high of $12.08.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HLMN shares. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Robert W. Baird reduced their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Barclays dropped 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, Raymond James set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, 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.