Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Cercano Management LLC

Cercano Management LLC reduced 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 disclosure with the Securities & Exchange Commission. The firm owned 197,945 shares of the company's stock after selling 1,422,948 shares during the quarter. Cercano Management LLC owned 0.10% of Hillman Solutions worth $1,928,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Hillman Solutions by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after purchasing an additional 1,061 shares during the last quarter. Xponance Inc. boosted its position in Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after purchasing an additional 1,297 shares during the period. HighTower Advisors LLC grew its stake in Hillman Solutions by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after buying an additional 1,562 shares during the last quarter. MetLife Investment Management LLC increased its position in Hillman Solutions by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after buying an additional 2,391 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in Hillman Solutions in the fourth quarter worth $25,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Stock Up 3.4 %

HLMN stock opened at $7.38 on Tuesday. The firm's 50-day moving average is $8.38 and its two-hundred day moving average is $9.72. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 92.26 and a beta of 1.70. Hillman Solutions Corp has a 52 week low of $6.55 and a 52 week high of $12.08.

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, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $7.09 per share, with a total value of $992,600.00. Following the acquisition, the chief financial officer now owns 632,752 shares of the company's stock, valued at $4,486,211.68. The trade was a 28.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Barclays decreased their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird cut their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Hillman Solutions presently has a consensus rating of "Hold" and an average price target of $11.25.

About Hillman Solutions

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.

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