Millennium Management LLC Increases Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Millennium Management LLC raised its stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,983 shares of the company's stock after acquiring an additional 139,331 shares during the period. Millennium Management LLC owned approximately 0.35% of Hillman Solutions worth $6,623,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

HLMN has been the subject of a number of recent analyst reports. Benchmark restated a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Barclays reduced their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Raymond James set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.00.

Insider Activity

In related news, CFO Robert O. Kraft bought 140,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average cost 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 in the company, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.10% of the company's stock.

Hillman Solutions Price Performance

HLMN stock traded up $0.11 during mid-day trading on Thursday, reaching $7.44. 995,568 shares of the company's stock were exchanged, compared to its average volume of 1,070,868. The stock's 50 day moving average is $7.83 and its 200 day moving average is $9.37. Hillman Solutions Corp has a 12-month low of $6.64 and a 12-month high of $12.08. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 93.01 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.

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

Hillman Solutions 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.