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

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

A number of other large investors have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. boosted its position in shares of Hillman Solutions by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after acquiring an additional 1,061 shares during the last quarter. Xponance Inc. lifted its position in Hillman Solutions by 10.1% in the 4th quarter. Xponance Inc. now owns 14,106 shares of the company's stock worth $137,000 after buying an additional 1,297 shares during the last quarter. Cetera Investment Advisers lifted its position in Hillman Solutions by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock worth $329,000 after buying an additional 1,325 shares during the last quarter. HighTower Advisors LLC lifted its position in Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after buying an additional 1,562 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in Hillman Solutions by 2.0% in the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after buying an additional 2,391 shares during the last quarter. Institutional investors own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of analyst reports. Robert W. Baird decreased their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Barclays decreased their price target on 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 cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Raymond James Financial set a $10.00 price target on Hillman Solutions and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.00.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $7.09 per share, with a total value 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 represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.90% of the company's stock.

Hillman Solutions Price Performance

HLMN opened at $6.70 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. Hillman Solutions Corp. has a 52-week low of $6.62 and a 52-week high of $12.08. The stock has a market capitalization of $1.32 billion, a PE ratio of 74.45 and a beta of 1.68. The stock's 50 day moving average price is $7.46 and its 200-day moving average price is $8.94.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted 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. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The firm had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The business's revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current 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.

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