Hillman Solutions Corp (NASDAQ:HLMN) Stock Holdings Trimmed by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 27.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,510 shares of the company’s stock after selling 49,138 shares during the period. Jane Street Group LLC’s holdings in Hillman Solutions were worth $1,347,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HLMN. Harbor Capital Advisors Inc. raised its position in shares of Hillman Solutions by 131.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after acquiring an additional 914,151 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after purchasing an additional 578,042 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after purchasing an additional 503,809 shares during the period. Renaissance Technologies LLC lifted its position in shares of Hillman Solutions by 460.9% in the 2nd quarter. Renaissance Technologies LLC now owns 326,029 shares of the company’s stock worth $2,885,000 after buying an additional 267,900 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in shares of Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after buying an additional 225,480 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares in the company, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the topic of several research reports. Barclays increased their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark increased their target price on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.20.

Hillman Solutions Stock Performance

HLMN opened at $9.80 on Friday. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $10.82 and its 200-day moving average is $10.03. The stock has a market cap of $1.93 billion, a PE ratio of 245.06 and a beta of 1.65. Hillman Solutions Corp has a twelve month low of $8.43 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current 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.