Nordea Investment Management AB Purchases New Shares in Hillman Solutions Corp (NASDAQ:HLMN)

Nordea Investment Management AB acquired a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 474,482 shares of the company’s stock, valued at approximately $4,631,000. Nordea Investment Management AB owned 0.24% of Hillman Solutions at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in Hillman Solutions by 20.0% during the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after purchasing an additional 5,273 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Hillman Solutions by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after buying an additional 113,692 shares during the period. Barclays PLC grew 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 acquiring an additional 233,894 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Hillman Solutions in the third quarter worth $275,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Hillman Solutions during the third quarter worth $210,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Trading Down 2.0 %

HLMN opened at $9.29 on Friday. Hillman Solutions Corp has a 1-year low of $8.43 and a 1-year high of $12.08. The firm has a 50-day moving average price of $10.61 and a two-hundred day moving average price of $10.09. The stock has a market capitalization of $1.83 billion, a PE ratio of 232.31 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $393.30 million for 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 revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, equities analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was 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 directly owns 55,811 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HLMN shares. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Robert W. Baird raised their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Benchmark boosted their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays raised their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group increased their target price on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two equities research 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 has an average rating of “Moderate Buy” and an average price target of $14.20.

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.