Skylands Capital LLC Boosts Position in Hillman Solutions Corp. $HLMN

Skylands Capital LLC raised its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 27.0% during the 4th quarter, Holdings Channel reports. The firm owned 378,950 shares of the company’s stock after acquiring an additional 80,650 shares during the quarter. Skylands Capital LLC’s holdings in Hillman Solutions were worth $3,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG grew its stake in Hillman Solutions by 112.2% in the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after acquiring an additional 1,412,693 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Hillman Solutions by 2.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 253,707 shares of the company’s stock worth $2,197,000 after acquiring an additional 6,438 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hillman Solutions by 41.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,660 shares of the company’s stock worth $586,000 after acquiring an additional 19,812 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $95,000. Finally, Central Pacific Bank Trust Division grew its position in shares of Hillman Solutions by 6.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock valued at $273,000 after purchasing an additional 1,773 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.78 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The firm has a market cap of $1.73 billion, a PE ratio of 41.81, a P/E/G ratio of 1.21 and a beta of 1.63. The firm has a 50 day simple moving average of $8.39 and a 200-day simple moving average of $8.96. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $370.07 million for the quarter, compared to analyst estimates of $372.38 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, equities analysts expect that Hillman Solutions Corp. will post 0.61 EPS for the current year.

Insider Activity

In other news, insider Amanda Kitzberger sold 11,804 shares of Hillman Solutions 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 completion of the sale, the insider owned 72,605 shares of the company’s stock, valued at $601,895.45. The trade was a 13.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HLMN. Wall Street Zen raised shares of Hillman Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Benchmark lowered their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price target on shares of Hillman Solutions in a report on Tuesday, March 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Hillman Solutions Company 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.