Leith Wheeler Investment Counsel Ltd. Has $7.07 Million Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Posted by Trevor Kearing on Mar 19th, 2023

Leith Wheeler Investment Counsel Ltd. cut its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN – Get Rating) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 980,695 shares of the company’s stock after selling 2,200 shares during the quarter. Hillman Solutions makes up approximately 1.1% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 24th largest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in Hillman Solutions were worth $7,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HLMN. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Hillman Solutions by 728.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,548,637 shares of the company’s stock worth $73,861,000 after purchasing an additional 7,517,121 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Hillman Solutions during the third quarter worth $33,131,000. Vanguard Group Inc. raised its position in shares of Hillman Solutions by 86.8% during the first quarter. Vanguard Group Inc. now owns 8,783,728 shares of the company’s stock worth $104,350,000 after purchasing an additional 4,080,908 shares during the period. WCM Investment Management LLC acquired a new stake in shares of Hillman Solutions during the third quarter worth $14,361,000. Finally, State Street Corp raised its position in shares of Hillman Solutions by 432.1% during the second quarter. State Street Corp now owns 2,199,548 shares of the company’s stock worth $19,004,000 after purchasing an additional 1,786,195 shares during the period.

Hillman Solutions Price Performance

Shares of HLMN stock traded down $0.22 on Friday, reaching $7.82. 1,595,902 shares of the company’s stock traded hands, compared to its average volume of 2,275,589. Hillman Solutions Corp has a 12-month low of $6.59 and a 12-month high of $12.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 2.93. The business’s 50 day moving average price is $8.96 and its two-hundred day moving average price is $8.10.

Hillman Solutions (NASDAQ:HLMN – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Hillman Solutions had a positive return on equity of 7.04% and a negative net margin of 1.11%. The business had revenue of $350.70 million for the quarter, compared to the consensus estimate of $344.66 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Hillman Solutions’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts forecast that Hillman Solutions Corp will post 0.26 EPS for the current year.

Insider Activity

In other Hillman Solutions news, major shareholder Ccmp Capital, Lp sold 28,750,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $8.00, for a total value of $230,000,000.00. Following the transaction, the insider now owns 975,677 shares in the company, valued at $7,805,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Hillman Solutions from a “d” rating to a “c-” rating in a report on Wednesday.

Hillman Solutions Profile

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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.