Cercano Management LLC Reduces Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Cercano Management LLC decreased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,945 shares of the company's stock after selling 1,422,948 shares during the period. Cercano Management LLC owned approximately 0.10% of Hillman Solutions worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its holdings in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after purchasing an additional 233,894 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Hillman Solutions in the fourth quarter valued at approximately $4,631,000. Harbor Capital Advisors Inc. lifted its position in Hillman Solutions by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company's stock worth $15,953,000 after buying an additional 26,832 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 1.7% in the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock valued at $74,145,000 after buying an additional 130,273 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Hillman Solutions by 28.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company's stock valued at $910,000 after buying an additional 20,920 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on HLMN shares. Raymond James set a $10.00 price target on Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays cut their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Robert W. Baird cut their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hillman Solutions has a consensus rating of "Hold" and a consensus target price of $11.00.

Hillman Solutions Stock Performance

Shares of HLMN stock traded up $0.07 during mid-day trading on Friday, reaching $7.75. 1,701,763 shares of the company's stock traded hands, compared to its average volume of 1,047,828. Hillman Solutions Corp has a 12 month low of $6.64 and a 12 month high of $12.08. The firm has a 50 day moving average price of $8.22 and a two-hundred day moving average price of $9.64. The firm has a market capitalization of $1.53 billion, a PE ratio of 96.89 and a beta of 1.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

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

Insider Activity at Hillman Solutions

In related news, CFO Robert O. Kraft bought 140,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $7.09 per share, with a total value of $992,600.00. Following the transaction, the chief financial officer now owns 632,752 shares in the company, valued at $4,486,211.68. This trade represents a 28.41 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by insiders.

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.