Hillman Solutions Corp. $HLMN Stock: Skylands Capital LLC Boosts Holdings

Skylands Capital LLC lifted its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,200 shares of the company’s stock after acquiring an additional 88,400 shares during the quarter. Skylands Capital LLC owned 0.34% of Hillman Solutions worth $4,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Alliance LLC increased its stake in Hillman Solutions by 4.7% in the 1st quarter. Wealth Alliance LLC now owns 38,726 shares of the company’s stock valued at $322,000 after purchasing an additional 1,733 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Hillman Solutions by 8.2% during the second quarter. Central Pacific Bank Trust Division now owns 34,149 shares of the company’s stock worth $288,000 after purchasing an additional 2,580 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Hillman Solutions during the second quarter worth $25,000. Sanctuary Advisors LLC boosted its position in Hillman Solutions by 22.5% during the first quarter. Sanctuary Advisors LLC now owns 18,065 shares of the company’s stock worth $150,000 after purchasing an additional 3,317 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Hillman Solutions in the second quarter valued at $42,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $7.26 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The stock has a fifty day moving average of $7.48 and a two-hundred day moving average of $7.85. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.01 and a beta of 1.42. Hillman Solutions Corp. has a fifty-two week low of $6.66 and a fifty-two week high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $442.25 million for the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. On average, analysts anticipate that Hillman Solutions Corp. will post 0.60 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group cut their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Barclays increased their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Raymond James Financial downgraded shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Jefferies Financial Group upgraded shares of Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Insider Activity at Hillman Solutions

In other news, CFO Robert O. Kraft purchased 35,500 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were bought at an average cost of $7.00 per share, with a total value of $248,500.00. Following the purchase, the chief financial officer directly owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. This trade represents a 5.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amanda Kitzberger sold 13,750 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the sale, the insider directly owned 58,855 shares in the company, valued at $426,698.75. This represents a 18.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.30% of the stock is currently owned by corporate insiders.

Hillman Solutions Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.