MQS Management LLC Makes New $516,000 Investment in Hillman Solutions Corp. (NASDAQ:HLMN)

MQS Management LLC bought a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 58,723 shares of the company's stock, valued at approximately $516,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLMN. Federated Hermes Inc. purchased a new stake in Hillman Solutions during the fourth quarter valued at $25,000. KBC Group NV bought a new stake in shares of Hillman Solutions in the 1st quarter worth about $35,000. Sterling Capital Management LLC raised its position in shares of Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after buying an additional 4,572 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Hillman Solutions by 1,911.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after acquiring an additional 6,193 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after acquiring an additional 5,915 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hillman Solutions

In related news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the purchase, the chief financial officer directly owned 632,752 shares of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HLMN shares. Raymond James Financial set a $10.00 price objective on Hillman Solutions and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Robert W. Baird lowered their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Barclays cut their price objective 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $11.00.

Hillman Solutions Price Performance

HLMN opened at $7.77 on Monday. The business has a fifty day moving average of $7.41 and a 200 day moving average of $8.54. The stock has a market cap of $1.53 billion, a P/E ratio of 86.34 and a beta of 1.65. The company has a quick ratio of 0.79, a current ratio of 2.46 and a debt-to-equity ratio of 0.60. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. As a group, sell-side analysts anticipate 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.

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