Neo Ivy Capital Management Invests $674,000 in Hillman Solutions Corp (NASDAQ:HLMN)

Neo Ivy Capital Management bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 69,222 shares of the company's stock, valued at approximately $674,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HLMN. JPMorgan Chase & Co. boosted its stake in shares of Hillman Solutions by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after buying an additional 509,016 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Hillman Solutions by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company's stock worth $86,452,000 after purchasing an additional 160,505 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after buying an additional 605,049 shares in the last quarter. Northern Trust Corp grew its stake in shares of Hillman Solutions by 8.6% in the 4th quarter. Northern Trust Corp now owns 2,671,789 shares of the company's stock valued at $26,023,000 after buying an additional 212,599 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Hillman Solutions by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock worth $24,244,000 after purchasing an additional 73,216 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of analyst reports. Raymond James set a $10.00 price target on Hillman Solutions and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird decreased their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Benchmark reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Barclays dropped their price objective on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Hillman Solutions presently has an average rating of "Hold" and an average target price of $11.00.

Hillman Solutions Price Performance

Hillman Solutions stock traded up $0.33 during mid-day trading on Tuesday, hitting $7.58. The stock had a trading volume of 1,194,277 shares, compared to its average volume of 1,068,647. Hillman Solutions Corp has a one year low of $6.64 and a one year high of $12.08. 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 firm's 50 day moving average is $7.89 and its 200 day moving average is $9.40. The firm has a market capitalization of $1.50 billion, a P/E ratio of 94.76 and a beta of 1.70.

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. The business had revenue of $359.34 million for 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 EPS. On average, sell-side analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions 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 purchased at an average price of $7.09 per share, with a total value of $992,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at $4,486,211.68. This represents a 28.41% increase in their position. The purchase 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 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.