Kayne Anderson Rudnick Investment Management LLC Reduces Position in Hillman Solutions Corp (NASDAQ:HLMN)

Kayne Anderson Rudnick Investment Management LLC cut its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,149,925 shares of the company's stock after selling 195,208 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 7.20% of Hillman Solutions worth $137,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in Hillman Solutions in the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in shares of Hillman Solutions in the 4th quarter worth $32,000. Sterling Capital Management LLC grew its position in Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares during the period. Venturi Wealth Management LLC increased its stake in 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. Finally, Jones Financial Companies Lllp raised its holdings in Hillman Solutions by 285.7% during the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after buying an additional 5,915 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several recent research reports. 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. Benchmark reiterated a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird reissued a "neutral" rating and issued a $9.00 price objective (down from $12.00) on shares of Hillman Solutions in a research note on Wednesday, April 16th. William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Finally, Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hillman Solutions presently has a consensus rating of "Hold" and an average price target of $11.50.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded up $0.02 during mid-day trading on Friday, hitting $7.68. 593,484 shares of the stock were exchanged, compared to its average volume of 985,077. The company has a market capitalization of $1.51 billion, a P/E ratio of 95.95 and a beta of 1.67. 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 company has a 50-day simple moving average of $8.79 and a 200 day simple moving average of $9.88. Hillman Solutions Corp has a 12 month low of $7.24 and a 12 month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period in the prior year, the business earned $0.10 earnings per share. Sell-side analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Hillman Solutions Company 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.