SG Americas Securities LLC Buys New Position in Hillman Solutions Corp. (NASDAQ:HLMN)

SG Americas Securities LLC bought a new stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 64,539 shares of the company's stock, valued at approximately $567,000.

A number of other large investors have also recently bought and sold shares of HLMN. Envestnet Portfolio Solutions Inc. boosted its stake 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 worth $227,000 after purchasing an additional 1,061 shares during the last quarter. Xponance Inc. lifted its stake in shares of Hillman Solutions by 10.1% during the fourth quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after buying an additional 1,297 shares during the period. Cetera Investment Advisers boosted its position in 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 acquiring an additional 1,325 shares during the last quarter. HighTower Advisors LLC grew its stake 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 acquiring an additional 1,562 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Hillman Solutions by 2.0% in the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock valued at $1,163,000 after acquiring an additional 2,391 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were acquired at an average price of $7.09 per share, with a total value of $992,600.00. Following the purchase, the chief financial officer now owns 632,752 shares in the company, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HLMN shares. 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. Barclays reduced their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Robert W. Baird dropped their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note 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 MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.00.

Hillman Solutions Trading Up 4.1%

Hillman Solutions stock traded up $0.28 during midday trading on Thursday, reaching $7.07. The stock had a trading volume of 1,518,402 shares, compared to its average volume of 1,120,759. The stock's 50-day simple moving average is $7.38 and its 200 day simple moving average is $8.78. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. The stock has a market capitalization of $1.40 billion, a PE ratio of 78.56 and a beta of 1.68.

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. The company had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Analysts expect 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.