Jefferies Financial Group Inc. Buys Shares of 7,976,734 Hillman Solutions Corp. $HLMN

Jefferies Financial Group Inc. bought a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,976,734 shares of the company’s stock, valued at approximately $67,324,000. Hillman Solutions accounts for about 0.4% of Jefferies Financial Group Inc.’s holdings, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLMN. Public Employees Retirement System of Ohio bought a new stake in Hillman Solutions during the second quarter valued at $42,000. Corient Private Wealth LP acquired a new stake in shares of Hillman Solutions in the 2nd quarter valued at about $1,033,000. Punch & Associates Investment Management Inc. bought a new stake in Hillman Solutions in the 2nd quarter valued at about $15,874,000. Bank of America Corp DE acquired a new position in shares of Hillman Solutions during the second quarter worth approximately $12,661,000. Finally, Jupiter Topco LLC acquired a new position in Hillman Solutions during the 2nd quarter valued at about $686,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Trading Down 2.4%

Shares of Hillman Solutions stock opened at $7.85 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of 35.68, a P/E/G ratio of 1.13 and a beta of 1.39. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The stock has a fifty day moving average price of $8.27 and a 200-day moving average price of $8.22.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Equities research analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 17,381 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the sale, the insider directly owned 54,723 shares in the company, valued at $468,976.11. The trade was a 24.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HLMN has been the subject of several analyst reports. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays increased their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Finally, Canaccord Genuity Group dropped their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Hillman Solutions has an average rating of “Hold” and a consensus target price of $12.50.

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.