Trexquant Investment LP Has $877,000 Stake in Hillman Solutions Corp. $HLMN

Key Points

• Trexquant Investment LP reduced its holdings in Hillman Solutions Corp by 55% in the first quarter, now owning 99,723 shares valued at approximately $877,000.
• In contrast, several other hedge funds, like T. Rowe Price, increased their positions significantly, with T. Rowe Price raising theirs by 240.4% to own over 6 million shares.
• Hillman Solutions recently issued earnings, reporting $0.17 EPS for the quarter, exceeding estimates, alongside a revenue increase of 6.2% year-over-year.

Trexquant Investment LP lessened its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 55.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,723 shares of the company's stock after selling 121,702 shares during the period. Trexquant Investment LP owned 0.05% of Hillman Solutions worth $877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers grew 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 valued at $329,000 after buying an additional 1,325 shares in the last quarter. Principal Financial Group Inc. grew its position in Hillman Solutions by 12.4% in the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock valued at $119,000 after buying an additional 1,491 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Hillman Solutions by 2.5% in the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company's stock valued at $673,000 after acquiring an additional 1,872 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Hillman Solutions by 24.1% in the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company's stock valued at $116,000 after acquiring an additional 2,563 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Hillman Solutions by 14.5% in the 1st quarter. US Bancorp DE now owns 21,356 shares of the company's stock valued at $188,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Trading Down 2.6%

HLMN stock traded down $0.26 during mid-day trading on Friday, reaching $9.71. 656,968 shares of the stock traded hands, compared to its average volume of 1,084,206. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08. The company has a market cap of $1.92 billion, a P/E ratio of 88.28 and a beta of 1.67. The stock's fifty day moving average is $9.04 and its 200-day moving average is $8.32.

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

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the sale, the insider directly owned 56,618 shares of the company's stock, valued at approximately $558,253.48. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.90% of the company's stock.

Wall Street Analyst Weigh In

HLMN has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Hillman Solutions from a "hold" rating to a "buy" rating in a report on Monday, August 11th. Stifel Nicolaus upped their price target on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a "buy" rating in a report on Friday, August 29th. Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Barclays upped their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $11.83.

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.