PharVision Advisers LLC Acquires New Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

PharVision Advisers LLC purchased a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,413 shares of the company's stock, valued at approximately $345,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. purchased a new position in shares of Hillman Solutions in the 4th quarter valued at approximately $25,000. R Squared Ltd purchased a new stake in shares of Hillman Solutions during the fourth quarter worth approximately $32,000. Sterling Capital Management LLC lifted its holdings in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after purchasing an additional 4,572 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Hillman Solutions by 1,911.4% during the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after purchasing an additional 6,193 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after buying an additional 6,500 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN traded up $0.24 on Tuesday, reaching $7.49. 256,623 shares of the company were exchanged, compared to its average volume of 1,065,012. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 1-year low of $6.64 and a 1-year high of $12.08. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 93.70 and a beta of 1.70. The company has a 50-day moving average of $7.89 and a 200-day moving average of $9.40.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on HLMN shares. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a research 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 note on Tuesday, April 8th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, Robert W. Baird dropped their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.00.

Insider Transactions at Hillman Solutions

In other news, CFO Robert O. Kraft acquired 140,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average cost of $7.09 per share, with a total value of $992,600.00. Following the purchase, the chief financial officer now directly 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate 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.