Trexquant Investment LP Trims Stock Holdings 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 lowered its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 55.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,723 shares of the company's stock after selling 121,702 shares during the period. Trexquant Investment LP owned about 0.05% of Hillman Solutions worth $877,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Hillman Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock valued at $172,067,000 after buying an additional 134,830 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Hillman Solutions by 0.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company's stock worth $124,949,000 after purchasing an additional 64,966 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Hillman Solutions by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock worth $83,416,000 after purchasing an additional 613,865 shares in the last quarter. Reinhart Partners LLC. raised its holdings in Hillman Solutions by 13.8% in 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Hillman Solutions by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock worth $63,007,000 after purchasing an additional 67,389 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insider Activity at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction on Friday, August 8th. The stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the transaction, the insider owned 56,618 shares in the company, valued at $558,253.48. The trade was a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Hillman Solutions Stock Up 1.6%

Shares of HLMN traded up $0.16 during mid-day trading on Thursday, hitting $9.94. 235,390 shares of the company traded hands, compared to its average volume of 1,424,123. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The business has a 50 day moving average of $8.95 and a 200 day moving average of $8.32. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.96 billion, a PE ratio of 90.42 and a beta of 1.67.

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

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.