Insider Selling: Hillman Solutions (NASDAQ:HLMN) Insider Sells $12,028.79 in Stock

Hillman Solutions Corp. (NASDAQ:HLMN) insider Scott Kelley Moore sold 1,451 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $12,028.79. Following the completion of the sale, the insider owned 108,170 shares of the company’s stock, valued at $896,729.30. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hillman Solutions Trading Up 0.2%

NASDAQ:HLMN opened at $8.05 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The business’s 50-day simple moving average is $9.29 and its 200-day simple moving average is $9.22. Hillman Solutions Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The stock has a market capitalization of $1.58 billion, a PE ratio of 38.34 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $365.14 million during the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.Hillman Solutions’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Sell-side analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds have recently made changes to their positions in HLMN. CWM LLC raised its holdings in shares of Hillman Solutions by 106.3% in the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Hillman Solutions during the fourth quarter worth $33,000. Los Angeles Capital Management LLC bought a new position in Hillman Solutions in the fourth quarter valued at $37,000. Brown Brothers Harriman & Co. bought a new position in Hillman Solutions in the third quarter valued at $59,000. Finally, Advisory Services Network LLC acquired a new stake in Hillman Solutions in the 3rd quarter valued at $63,000. 98.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark lowered their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group lowered their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.33.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.