Hillman Solutions Corp. $HLMN Holdings Boosted by Skylands Capital LLC

Skylands Capital LLC grew its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 42.1% in the first quarter, Holdings Channel.com reports. The firm owned 538,600 shares of the company’s stock after purchasing an additional 159,650 shares during the period. Skylands Capital LLC’s holdings in Hillman Solutions were worth $4,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HLMN. Anchor Capital Management Company LLC raised its position in Hillman Solutions by 102.5% during the third quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock valued at $13,015,000 after buying an additional 717,772 shares during the period. UBS Group AG boosted its position in Hillman Solutions by 112.2% during the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock worth $23,134,000 after acquiring an additional 1,412,693 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in Hillman Solutions by 71.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 671,000 shares of the company’s stock worth $6,160,000 after acquiring an additional 280,000 shares during the period. Conestoga Capital Advisors LLC grew its stake in Hillman Solutions by 4.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock valued at $49,487,000 after acquiring an additional 230,580 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in Hillman Solutions during the 4th quarter valued at about $950,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

HLMN has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 price target on shares of Hillman Solutions in a research note on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions has a consensus rating of “Hold” and an average target price of $12.50.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $8.47 on Friday. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $8.57. The company has a market cap of $1.66 billion, a P/E ratio of 44.58, a P/E/G ratio of 1.18 and a beta of 1.42. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business had revenue of $370.07 million during the quarter, compared to analyst estimates of $371.73 million. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current year.

About Hillman Solutions

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.