Stratos Wealth Advisors LLC Buys Shares of 12,500 Hillman Solutions Corp (NASDAQ:HLMN)

Stratos Wealth Advisors LLC bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,500 shares of the company’s stock, valued at approximately $132,000.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in Hillman Solutions in the first quarter valued at about $46,000. Canada Pension Plan Investment Board bought a new position in Hillman Solutions in the second quarter valued at about $57,000. Institute for Wealth Management LLC. bought a new position in Hillman Solutions in the second quarter valued at about $101,000. Counterpoint Mutual Funds LLC bought a new position in Hillman Solutions in the first quarter valued at about $140,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Hillman Solutions in the first quarter valued at about $143,000. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays increased their target price on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group increased their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.08.

Hillman Solutions Trading Down 0.9 %

NASDAQ HLMN opened at $10.62 on Wednesday. The business has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $9.59. Hillman Solutions Corp has a one year low of $6.02 and a one year high of $11.15. The stock has a market capitalization of $2.08 billion, a P/E ratio of -1,062.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The business had revenue of $379.43 million during the quarter, compared to analysts’ expectations of $383.53 million. During the same quarter last year, the firm posted $0.13 earnings per share. Research analysts expect that Hillman Solutions Corp will post 0.52 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.