Quantbot Technologies LP Raises Stake in Hillman Solutions Corp. $HLMN

Key Points

• Quantbot Technologies LP significantly increased its stake in Hillman Solutions Corp. by 7,535.5% in Q1, now holding a total of 50,929 shares valued at approximately $448,000.
• Hillman Solutions reported earnings of $0.17 per share, surpassing estimates, with revenue of $402.80 million, reflecting a year-over-year increase of 6.2%.
• Analysts have mixed ratings on Hillman Solutions, with a consensus price target of $11.42, indicating moderate growth expectations for the company.

Quantbot Technologies LP boosted its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 7,535.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,929 shares of the company's stock after buying an additional 50,262 shares during the quarter. Quantbot Technologies LP's holdings in Hillman Solutions were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of Hillman Solutions by 4.1% during the fourth 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 last quarter. Principal Financial Group Inc. lifted its position in shares of Hillman Solutions by 12.4% during the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock worth $119,000 after purchasing an additional 1,491 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Hillman Solutions by 2.5% during the first quarter. Victory Capital Management Inc. now owns 76,530 shares of the company's stock worth $673,000 after purchasing an additional 1,872 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Hillman Solutions by 2.0% during the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Hillman Solutions by 24.1% during the first quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company's stock worth $116,000 after purchasing an additional 2,563 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the transaction, the insider directly owned 56,618 shares in the company, valued at approximately $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HLMN shares. Wall Street Zen upgraded Hillman Solutions from a "hold" rating to a "buy" rating in a research report on Monday, August 11th. Canaccord Genuity Group lifted their target price on Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Barclays lifted their target price on Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.83.

Hillman Solutions Stock Down 0.9%

Shares of HLMN stock traded down $0.09 on Monday, hitting $9.88. The stock had a trading volume of 787,263 shares, compared to its average volume of 1,695,373. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $8.51 and a 200 day moving average price of $8.32. The company has a market cap of $1.95 billion, a PE ratio of 89.83 and a beta of 1.67. Hillman Solutions Corp. has a one year low of $6.55 and a one year high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. Research analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

About Hillman Solutions

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.