Envestnet Asset Management Inc. Cuts Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Envestnet Asset Management Inc. lowered its position in shares of Hillman Solutions Corp (NASDAQ:HLMN – Get Rating) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,812 shares of the company’s stock after selling 13,869 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of Hillman Solutions worth $2,939,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Hillman Solutions by 86.8% during the 1st quarter. Vanguard Group Inc. now owns 8,783,728 shares of the company’s stock worth $104,350,000 after buying an additional 4,080,908 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Hillman Solutions by 728.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,548,637 shares of the company’s stock worth $73,861,000 after buying an additional 7,517,121 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Hillman Solutions by 2.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 7,604,368 shares of the company’s stock worth $65,702,000 after buying an additional 157,377 shares during the last quarter. Samlyn Capital LLC increased its holdings in shares of Hillman Solutions by 1.1% in the 2nd quarter. Samlyn Capital LLC now owns 5,544,375 shares of the company’s stock valued at $47,903,000 after purchasing an additional 58,986 shares in the last quarter. Finally, Reinhart Partners Inc. increased its holdings in shares of Hillman Solutions by 14.2% in the 3rd quarter. Reinhart Partners Inc. now owns 4,059,824 shares of the company’s stock valued at $30,611,000 after purchasing an additional 505,540 shares in the last quarter.

Insider Activity

In related news, major shareholder Ccmp Capital, Lp sold 28,750,000 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $8.00, for a total value of $230,000,000.00. Following the sale, the insider now directly owns 975,677 shares of the company’s stock, valued at approximately $7,805,416. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Hillman Solutions Stock Performance

Shares of HLMN opened at $8.71 on Wednesday. The company has a 50-day simple moving average of $8.83 and a 200-day simple moving average of $8.12. The company has a quick ratio of 0.66, a current ratio of 2.93 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.69 billion, a PE ratio of -96.77 and a beta of 1.58. Hillman Solutions Corp has a 52-week low of $6.59 and a 52-week high of $12.45.

Hillman Solutions (NASDAQ:HLMN – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $350.70 million during the quarter, compared to the consensus estimate of $344.66 million. Hillman Solutions had a negative net margin of 1.11% and a positive return on equity of 7.04%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. Equities research analysts predict that Hillman Solutions Corp will post 0.31 earnings per share for the current fiscal year.

Hillman Solutions Company 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.