ProShare Advisors LLC Sells 8,933 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

ProShare Advisors LLC decreased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 25.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,170 shares of the company’s stock after selling 8,933 shares during the period. ProShare Advisors LLC’s holdings in Hillman Solutions were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HLMN. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Hillman Solutions during the 1st quarter worth about $46,000. Canada Pension Plan Investment Board acquired a new stake in shares of Hillman Solutions in the second quarter valued at about $57,000. Institute for Wealth Management LLC. bought a new stake in Hillman Solutions during the second quarter worth about $101,000. Counterpoint Mutual Funds LLC acquired a new position in Hillman Solutions during the first quarter valued at approximately $140,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Hillman Solutions in the first quarter valued at approximately $143,000. Institutional investors own 98.11% of the company’s stock.

Analysts Set New Price Targets

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

Hillman Solutions Stock Down 0.5 %

HLMN opened at $10.21 on Friday. The stock’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $9.60. Hillman Solutions Corp has a 1-year low of $6.02 and a 1-year high of $10.85. The stock has a market cap of $2.00 billion, a PE ratio of -1,021.00 and a beta of 1.66. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62.

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

About Hillman Solutions

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.