SG Americas Securities LLC Invests $567,000 in Hillman Solutions Corp. (NASDAQ:HLMN)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in HLMN. Harbor Capital Advisors Inc. grew its stake in Hillman Solutions by 11.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,818,299 shares of the company's stock valued at $15,983,000 after acquiring an additional 180,416 shares during the period. Reinhart Partners LLC. boosted its stake in Hillman Solutions by 13.8% during the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after purchasing an additional 1,046,765 shares during the last quarter. GAMMA Investing LLC boosted its stake in Hillman Solutions by 1,186.5% during the 1st quarter. GAMMA Investing LLC now owns 15,013 shares of the company's stock worth $1,320,000 after purchasing an additional 13,846 shares during the last quarter. 111 Capital acquired a new stake in Hillman Solutions during the 4th quarter worth $110,000. Finally, Mackenzie Financial Corp boosted 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 purchasing an additional 7,890 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Trading Up 3.0%

HLMN traded up $0.20 on Monday, hitting $6.86. The company had a trading volume of 1,909,570 shares, compared to its average volume of 1,115,899. The firm has a market cap of $1.35 billion, a P/E ratio of 76.23 and a beta of 1.68. Hillman Solutions Corp. has a 1 year low of $6.56 and a 1 year high of $12.08. The company's fifty day moving average price is $7.42 and its 200 day moving average price is $8.84. The company has a current ratio of 2.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60.

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 (EPS) for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $359.34 million for the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. Hillman Solutions's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. As a group, equities analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLMN. Barclays reduced 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. Robert W. Baird reduced 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. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report 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 report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hillman Solutions presently has an average rating of "Hold" and a consensus price target of $11.00.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the business's stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the purchase, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.90% of the company's stock.

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.