Punch & Associates Investment Management Inc. Acquires New Position in Hillman Solutions Corp. $HLMN

Punch & Associates Investment Management Inc. bought a new position in Hillman Solutions Corp. (NASDAQ:HLMN) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,880,839 shares of the company’s stock, valued at approximately $15,874,000. Punch & Associates Investment Management Inc. owned approximately 0.97% of Hillman Solutions as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of Hillman Solutions in the fourth quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new stake in Hillman Solutions during the 4th quarter valued at approximately $37,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Hillman Solutions in the 3rd quarter valued at $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions in the third quarter worth $63,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Hillman Solutions during the fourth quarter worth $74,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Barclays boosted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Canaccord Genuity Group dropped their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Insider Activity at Hillman Solutions

In related news, insider Aaron Jerrod Parker sold 17,381 shares of Hillman Solutions stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the sale, the insider directly owned 54,723 shares in the company, valued at $468,976.11. This trade represents a 24.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is owned by company insiders.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $8.04 on Thursday. Hillman Solutions Corp. has a 52 week low of $6.96 and a 52 week high of $10.85. The stock has a market capitalization of $1.56 billion, a PE ratio of 36.55, a P/E/G ratio of 1.14 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $8.27 and a two-hundred day moving average of $8.24.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. On average, research analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

About Hillman Solutions

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.