Hillman Solutions Corp. $HLMN Position Lowered by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC trimmed its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 99.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,355 shares of the company’s stock after selling 1,141,599 shares during the period. Zuckerman Investment Group LLC’s holdings in Hillman Solutions were worth $104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Hillman Solutions in the 3rd quarter worth approximately $59,000. Lazard Asset Management LLC bought a new stake in shares of Hillman Solutions in the 2nd quarter valued at approximately $75,000. Entropy Technologies LP increased its holdings in shares of Hillman Solutions by 17.8% in the 2nd quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock valued at $94,000 after acquiring an additional 1,977 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Hillman Solutions during the 3rd quarter valued at approximately $95,000. 98.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $97,855.16. Following the sale, the insider directly owned 72,605 shares of the company’s stock, valued at $601,895.45. This trade represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Benchmark decreased their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 20th. Canaccord Genuity Group dropped their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Hillman Solutions has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $8.05 on Friday. The company has a market cap of $1.58 billion, a P/E ratio of 38.34 and a beta of 1.67. The business has a 50 day moving average of $9.29 and a two-hundred day moving average of $9.22. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $10.85. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current year.

Hillman Solutions Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.