Dimensional Fund Advisors LP Purchases 578,042 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Dimensional Fund Advisors LP raised its position in Hillman Solutions Corp (NASDAQ:HLMN) by 13.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,760,968 shares of the company’s stock after buying an additional 578,042 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hillman Solutions were worth $42,134,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Hillman Solutions during the 1st quarter valued at approximately $46,000. Institute for Wealth Management LLC. bought a new stake in shares of Hillman Solutions during the 2nd quarter valued at approximately $101,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Hillman Solutions during the 1st quarter valued at approximately $140,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Hillman Solutions during the 1st quarter valued at approximately $143,000. Finally, SG Americas Securities LLC bought a new stake in Hillman Solutions during the 1st quarter worth approximately $153,000. 98.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.92.

Hillman Solutions Stock Down 0.4 %

Shares of NASDAQ HLMN opened at $10.56 on Tuesday. The company has a market capitalization of $2.07 billion, a P/E ratio of -1,056.00 and a beta of 1.66. Hillman Solutions Corp has a 52-week low of $6.02 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The company’s 50 day moving average price is $9.80 and its 200-day moving average price is $9.58.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $379.43 million for the quarter, compared to the consensus estimate of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same quarter in the previous year, the company earned $0.13 EPS. Equities analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Hillman Solutions 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.