Rhumbline Advisers Sells 4,011 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Rhumbline Advisers decreased its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 298,966 shares of the company’s stock after selling 4,011 shares during the quarter. Rhumbline Advisers’ holdings in Hillman Solutions were worth $2,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after purchasing an additional 914,151 shares during the period. Nordea Investment Management AB purchased a new position in Hillman Solutions during the fourth quarter valued at $4,631,000. Barclays PLC boosted its holdings in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after buying an additional 233,894 shares in the last quarter. Reinhart Partners LLC. grew its position in shares of Hillman Solutions by 1.7% in the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after buying an additional 130,273 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after acquiring an additional 113,692 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Transactions at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $9.76 on Friday. The firm’s 50-day moving average price is $9.97 and its 200-day moving average price is $10.29. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The company has a market cap of $1.92 billion, a PE ratio of 122.02 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter in the prior year, the business posted $0.10 EPS. As a group, analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird dropped their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Barclays lowered their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Benchmark restated a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.60.

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.