Rhumbline Advisers Acquires 3,129 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Rhumbline Advisers increased its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.0% during the second quarter, HoldingsChannel reports. The fund owned 309,419 shares of the company’s stock after acquiring an additional 3,129 shares during the quarter. Rhumbline Advisers’ holdings in Hillman Solutions were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in Hillman Solutions by 158.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after purchasing an additional 4,336,039 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hillman Solutions by 74.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,324,724 shares of the company’s stock worth $30,622,000 after buying an additional 1,421,625 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Hillman Solutions by 271.3% during the second quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock valued at $6,168,000 after acquiring an additional 509,219 shares during the period. Roubaix Capital LLC acquired a new position in Hillman Solutions in the 1st quarter valued at approximately $4,498,000. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Hillman Solutions by 5.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 8,107,159 shares of the company’s stock worth $74,667,000 after acquiring an additional 408,601 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on HLMN shares. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays lifted their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.92.

Hillman Solutions Trading Up 0.6 %

Shares of HLMN opened at $10.35 on Thursday. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.03 billion, a PE ratio of -1,035.00 and a beta of 1.66. Hillman Solutions Corp has a 1 year low of $6.02 and a 1 year high of $10.85. The stock has a 50 day simple moving average of $9.60 and a 200-day simple moving average of $9.53.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $379.43 million for the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same period in the prior year, the business posted $0.13 earnings per share. On average, sell-side analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Hillman Solutions Company Profile

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.