Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,330,236 shares of the company's stock after selling 1,411,911 shares during the period. Wellington Management Group LLP owned 1.18% of Hillman Solutions worth $22,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in Hillman Solutions during the fourth quarter worth about $25,000. R Squared Ltd purchased a new stake in Hillman Solutions in the 4th quarter worth approximately $32,000. Sterling Capital Management LLC grew its stake in shares of Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after purchasing an additional 4,572 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Trading Up 0.1%

Shares of HLMN traded up $0.01 during midday trading on Wednesday, hitting $7.42. 758,070 shares of the stock were exchanged, compared to its average volume of 1,085,336. Hillman Solutions Corp has a 52-week low of $6.64 and a 52-week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The stock has a fifty day simple moving average of $7.67 and a 200 day simple moving average of $9.25. The firm has a market cap of $1.46 billion, a P/E ratio of 92.76 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $359.34 million during the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. Hillman Solutions's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. On average, research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions 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 acquisition, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.10% of the company's stock.

Analyst Upgrades and Downgrades

HLMN has been the subject of several recent analyst reports. Raymond James set a $10.00 price target on Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report 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's stock. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of "Hold" and an average price target of $11.00.

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.