Clearbridge Investments LLC Sells 13,122 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Clearbridge Investments LLC lowered its position in shares of Hillman Solutions Corp (NASDAQ:HLMNGet Rating) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,346,504 shares of the company’s stock after selling 13,122 shares during the period. Clearbridge Investments LLC owned approximately 1.21% of Hillman Solutions worth $16,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP bought a new stake in shares of Hillman Solutions during the fourth quarter valued at approximately $441,000. Victory Capital Management Inc. increased its position in shares of Hillman Solutions by 20.0% during the fourth quarter. Victory Capital Management Inc. now owns 15,092 shares of the company’s stock valued at $145,000 after acquiring an additional 2,511 shares in the last quarter. HBK Sorce Advisory LLC increased its position in shares of Hillman Solutions by 100.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 60,000 shares of the company’s stock valued at $63,000 after acquiring an additional 30,000 shares in the last quarter. Skylands Capital LLC increased its position in shares of Hillman Solutions by 109.7% during the fourth quarter. Skylands Capital LLC now owns 87,265 shares of the company’s stock valued at $629,000 after acquiring an additional 45,650 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Hillman Solutions by 35.6% during the fourth quarter. HighTower Advisors LLC now owns 77,762 shares of the company’s stock valued at $566,000 after acquiring an additional 20,407 shares in the last quarter.

Hillman Solutions Trading Down 1.3 %

NASDAQ:HLMN opened at $7.86 on Friday. The company has a quick ratio of 0.84, a current ratio of 2.87 and a debt-to-equity ratio of 0.77. Hillman Solutions Corp has a 12 month low of $6.59 and a 12 month high of $12.45. The company has a 50 day simple moving average of $8.04 and a two-hundred day simple moving average of $8.22.

Hillman Solutions (NASDAQ:HLMNGet Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $349.71 million during the quarter, compared to the consensus estimate of $356.85 million. Hillman Solutions had a negative net margin of 1.61% and a positive return on equity of 6.56%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Sell-side analysts expect that Hillman Solutions Corp will post 0.38 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In other news, major shareholder Ccmp Capital, Lp sold 28,750,000 shares of Hillman Solutions stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $8.00, for a total transaction of $230,000,000.00. Following the transaction, the insider now owns 975,677 shares in the company, valued at approximately $7,805,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Philip Woodlief bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of $7.91 per share, for a total transaction of $79,100.00. Following the purchase, the director now owns 27,537 shares in the company, valued at $217,817.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ccmp Capital, Lp sold 28,750,000 shares of Hillman Solutions stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $8.00, for a total transaction of $230,000,000.00. Following the transaction, the insider now owns 975,677 shares in the company, valued at approximately $7,805,416. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Hillman Solutions from a “d” rating to a “c-” rating in a research report on Wednesday, March 15th.

Hillman Solutions Profile

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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.

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Institutional Ownership by Quarter for Hillman Solutions (NASDAQ:HLMN)

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