Susquehanna International Group LLP Lowers Position in Hillman Solutions Corp. $HLMN

Susquehanna International Group LLP trimmed its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 67.2% in the second quarter, Holdings Channel reports. The firm owned 95,312 shares of the company’s stock after selling 195,102 shares during the period. Susquehanna International Group LLP’s holdings in Hillman Solutions were worth $804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLMN. Arrowstreet Capital Limited Partnership increased its position in shares of Hillman Solutions by 46.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,094,327 shares of the company’s stock valued at $9,105,000 after acquiring an additional 344,995 shares during the last quarter. UBS Group AG boosted its position in shares of 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 purchasing an additional 1,412,693 shares during the period. Anchor Capital Management Company LLC increased its holdings in Hillman Solutions by 33.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock valued at $21,095,000 after purchasing an additional 630,000 shares during the last quarter. Walleye Capital LLC purchased a new stake in Hillman Solutions in the second quarter valued at approximately $1,421,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hillman Solutions during the second quarter worth $30,105,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HLMN. Canaccord Genuity Group dropped their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Barclays raised their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and an average price target of $12.67.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $7.70 on Tuesday. The stock’s 50-day moving average is $8.26 and its two-hundred day moving average is $8.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. Hillman Solutions Corp. has a 1-year low of $6.96 and a 1-year high of $10.85. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The business had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. Analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 17,381 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the sale, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This represents a 24.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.30% of the stock is owned by company insiders.

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.