Riverbridge Partners LLC Sells 416,962 Shares of Hillman Solutions Corp. $HLMN

Key Points

• Riverbridge Partners LLC has reduced its stake in Hillman Solutions Corp. by 14.3%, selling 416,962 shares to hold approximately 2.49 million shares, valued at about $17.8 million.
• Hillman Solutions reported a quarterly earnings per share of $0.17, surpassing analysts' expectations of $0.15, with revenues of $402.8 million, showing a 6.2% year-over-year increase.
• Several analysts upgraded their price targets for Hillman Solutions, with Barclays increasing theirs from $8.00 to $10.00 and Canaccord Genuity raising it from $13.00 to $15.00, indicating positive sentiment around the stock.

Riverbridge Partners LLC lowered its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,489,726 shares of the company's stock after selling 416,962 shares during the quarter. Riverbridge Partners LLC owned about 1.26% of Hillman Solutions worth $17,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HLMN. Cetera Investment Advisers boosted its holdings in shares of 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 purchasing an additional 1,325 shares during the period. Millennium Management LLC increased its holdings in shares of Hillman Solutions by 25.8% in the 4th quarter. Millennium Management LLC now owns 679,983 shares of the company's stock valued at $6,623,000 after acquiring an additional 139,331 shares during the period. Squarepoint Ops LLC purchased a new position in Hillman Solutions during the 4th quarter worth $134,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hillman Solutions by 25.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 372,328 shares of the company's stock worth $3,626,000 after buying an additional 74,506 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Hillman Solutions by 62.6% during the 4th quarter. Mackenzie Financial Corp now owns 20,485 shares of the company's stock worth $200,000 after buying an additional 7,890 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Down 0.2%

Hillman Solutions stock opened at $9.30 on Thursday. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. The stock has a market cap of $1.84 billion, a PE ratio of 84.55 and a beta of 1.67. The stock's fifty day moving average is $9.34 and its two-hundred day moving average is $8.31.

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

Insider Activity at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HLMN shares. Barclays upped their target price on Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group upped their price target on Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded Hillman Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Finally, Stifel Nicolaus raised their price target on Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $11.83.

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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