Hillman Solutions Corp. $HLMN Stock Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 23.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,569,262 shares of the company’s stock after selling 2,586,097 shares during the quarter. Reinhart Partners LLC.’s holdings in Hillman Solutions were worth $59,899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HLMN. Integrated Wealth Concepts LLC acquired a new position in shares of Hillman Solutions in the second quarter valued at approximately $25,000. Public Employees Retirement System of Ohio acquired a new stake in Hillman Solutions during the second quarter worth approximately $42,000. Avidian Wealth Enterprises LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth approximately $73,000. Diversified Management Inc. purchased a new stake in Hillman Solutions in the 3rd quarter worth approximately $78,000. Finally, NewEdge Wealth LLC acquired a new position in Hillman Solutions in the 2nd quarter valued at $88,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hillman Solutions news, insider Amanda Kitzberger sold 13,750 shares of Hillman Solutions stock in a transaction that occurred on 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. The trade was a 18.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Kraft bought 35,500 shares of Hillman Solutions stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $7.00 per share, with a total value of $248,500.00. Following the completion of the purchase, the chief financial officer owned 697,090 shares in the company, valued at approximately $4,879,630. The trade was a 5.37% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $6.97 on Friday. Hillman Solutions Corp. has a 1-year low of $6.66 and a 1-year high of $10.85. The business has a 50-day moving average of $7.77 and a 200-day moving average of $7.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 0.98 and a beta of 1.42.

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

Hillman Solutions Profile

Hillman Solutions Corp. (NASDAQ: HLMN) is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder’s hardware; and other small hardware items.