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

Neo Ivy Capital Management purchased a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 69,222 shares of the company's stock, valued at approximately $674,000.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 509,016 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Hillman Solutions in the 4th quarter worth approximately $17,290,000. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 73,216 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Hillman Solutions during the 4th quarter valued at approximately $675,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Hillman Solutions by 16.8% during the 4th quarter. Russell Investments Group Ltd. now owns 147,294 shares of the company's stock valued at $1,435,000 after acquiring an additional 21,191 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

NASDAQ:HLMN traded down $0.05 during trading hours on Thursday, reaching $7.29. 192,534 shares of the stock were exchanged, compared to its average volume of 1,066,637. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $7.83 and a 200-day simple moving average of $9.37. Hillman Solutions Corp has a 52 week low of $6.64 and a 52 week high of $12.08. The stock has a market capitalization of $1.44 billion, a P/E ratio of 90.95 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly 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 company 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 firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. As a group, sell-side analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays dropped 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 price objective on Hillman Solutions and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird lowered their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.00.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the company's stock in a transaction dated 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 completion of the purchase, the chief financial officer now owns 632,752 shares of the company's stock, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company's stock.

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.