Russell Investments Group Ltd. Sells 175,072 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Russell Investments Group Ltd. decreased its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 801,446 shares of the company's stock after selling 175,072 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.41% of Hillman Solutions worth $7,381,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Comerica Bank bought a new position in shares of Hillman Solutions in the third quarter worth about $5,614,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Hillman Solutions in the fourth quarter worth $1,211,000. State of New Jersey Common Pension Fund D boosted its position in shares of Hillman Solutions by 27.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 348,539 shares of the company's stock worth $3,210,000 after acquiring an additional 74,593 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hillman Solutions by 24.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,912,749 shares of the company's stock valued at $15,780,000 after acquiring an additional 371,929 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Hillman Solutions by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company's stock valued at $158,044,000 after acquiring an additional 1,613,190 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Up 0.1 %

Shares of NASDAQ:HLMN traded up $0.01 on Wednesday, hitting $9.59. 1,209,167 shares of the company's stock were exchanged, compared to its average volume of 929,648. The business's 50 day simple moving average is $9.91 and its two-hundred day simple moving average is $8.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -189.96 and a beta of 1.73. Hillman Solutions Corp has a 12 month low of $6.02 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The firm had revenue of $350.31 million during the quarter, compared to the consensus estimate of $354.47 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company's revenue was up .2% on a year-over-year basis. Analysts anticipate that Hillman Solutions Corp will post 0.49 EPS for the current fiscal year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at approximately $6,473,511.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Randall J. Fagundo sold 250,546 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the sale, the insider now directly owns 45,440 shares in the company, valued at approximately $437,587.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jon Michael Adinolfi sold 110,000 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the transaction, the chief operating officer now owns 659,889 shares in the company, valued at $6,473,511.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 618,658 shares of company stock valued at $5,958,077. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HLMN shares. Canaccord Genuity Group raised their price objective on Hillman Solutions from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Robert W. Baird increased their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday. Barclays increased their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus restated a "buy" rating and set a $16.00 target price (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Hillman Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.54.

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.