Walleye Capital LLC Makes New $1.42 Million Investment in Hillman Solutions Corp. $HLMN

Key Points

• Walleye Capital bought 168,410 shares of Hillman Solutions, valued at approximately $1.42 million, giving it about a 0.09% stake. Institutional investors collectively own 98.11% of the company.
• Hillman reported quarterly earnings of $0.17 per share, matching estimates, while revenue of $442.25 million exceeded consensus expectations of $433.67 million.
• Analyst sentiment is mixed, with the stock holding an average “Hold” rating and a $12.50 average price target versus its recent $8.70 share price.

Walleye Capital LLC purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 168,410 shares of the company's stock, valued at approximately $1,421,000. Walleye Capital LLC owned about 0.09% of Hillman Solutions as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HLMN. Kestra Advisory Services LLC purchased a new position in shares of Hillman Solutions in the 4th quarter worth $33,000. Los Angeles Capital Management LLC purchased a new stake in Hillman Solutions during the fourth quarter valued at about $37,000. Brown Brothers Harriman & Co. purchased a new stake in Hillman Solutions during the third quarter valued at about $59,000. Advisory Services Network LLC acquired a new stake in Hillman Solutions during the third quarter worth about $63,000. Finally, Quadrant Capital Group LLC acquired a new stake in Hillman Solutions during the fourth quarter worth about $74,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Trading Down 1.1%

Shares of HLMN opened at $8.70 on Friday. The stock's 50-day moving average is $8.16 and its two-hundred day moving average is $8.33. The stock has a market cap of $1.69 billion, a PE ratio of 39.55, a P/E/G ratio of 1.23 and a beta of 1.39. Hillman Solutions Corp. has a 12 month low of $6.96 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Equities analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price objective on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Barclays increased their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. Wall Street Zen lowered shares of Hillman Solutions from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.50.

Hillman Solutions Company Profile

Hillman Solutions NASDAQ: HLMN is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company's portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman's product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.

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