Riverbridge Partners LLC Sells 281,204 Shares of Hillman Solutions Corp. (NASDAQ:HLMN)

Riverbridge Partners LLC cut its holdings in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,906,688 shares of the company's stock after selling 281,204 shares during the quarter. Riverbridge Partners LLC owned 1.47% of Hillman Solutions worth $25,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HLMN. Venturi Wealth Management LLC lifted 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 acquiring an additional 6,500 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Hillman Solutions by 6.9% during the 4th quarter. Handelsbanken Fonder AB now owns 60,100 shares of the company's stock valued at $585,000 after buying an additional 3,900 shares during the period. Hardy Reed LLC bought a new position in shares of Hillman Solutions during the 4th quarter valued at $184,000. Bank of New York Mellon Corp lifted its holdings in shares of Hillman Solutions by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 699,403 shares of the company's stock valued at $6,812,000 after buying an additional 6,653 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Hillman Solutions by 4.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company's stock valued at $768,000 after buying an additional 3,476 shares during the period. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock traded up $0.20 during trading on Monday, reaching $6.86. 1,909,570 shares of the stock traded hands, compared to its average volume of 1,115,899. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 76.23 and a beta of 1.68. The business has a fifty day simple moving average of $7.42 and a two-hundred day simple moving average of $8.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79. Hillman Solutions Corp. has a 52-week low of $6.56 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The firm had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. Sell-side analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current year.

Insider Activity

In other news, CFO Robert O. Kraft acquired 140,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was purchased at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares in the company, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HLMN shares. Robert W. Baird lowered their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Barclays lowered their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. 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. 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. Based on data from MarketBeat.com, Hillman Solutions currently has an average rating of "Hold" and a consensus price target of $11.00.

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.