Penn Capital Management Company LLC Sells 162,522 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Penn Capital Management Company LLC decreased its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,316,794 shares of the company's stock after selling 162,522 shares during the quarter. Penn Capital Management Company LLC owned about 0.67% of Hillman Solutions worth $12,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock worth $74,145,000 after purchasing an additional 130,273 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after purchasing an additional 605,049 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hillman Solutions by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock worth $24,244,000 after purchasing an additional 73,216 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new position in Hillman Solutions during the fourth quarter worth approximately $17,290,000. Institutional investors own 98.11% of the company's stock.

Analyst Ratings Changes

HLMN has been the topic of a number of recent analyst reports. Robert W. Baird reissued a "neutral" rating and set a $9.00 target price (down from $12.00) on shares of Hillman Solutions in a report on Wednesday, April 16th. Barclays cut 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 note on Tuesday, April 8th. Benchmark reiterated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.50.

Hillman Solutions Price Performance

Hillman Solutions stock traded down $0.33 during mid-day trading on Tuesday, reaching $7.24. 2,448,714 shares of the company were exchanged, compared to its average volume of 1,233,044. The company has a fifty day simple moving average of $8.69 and a 200-day simple moving average of $9.85. The firm has a market cap of $1.43 billion, a PE ratio of 90.56 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions Corp has a 12 month low of $7.05 and a 12 month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same quarter in the prior year, the business earned $0.10 EPS. Hillman Solutions's quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

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.