Raymond James Financial Services Advisors Inc. Acquires New Shares in Hillman Solutions Corp (NASDAQ:HLMN)

Raymond James Financial Services Advisors Inc. acquired a new stake in Hillman Solutions Corp (NASDAQ:HLMN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,903 shares of the company’s stock, valued at approximately $98,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in Hillman Solutions by 42.4% in the second quarter. Raymond James & Associates now owns 566,068 shares of the company’s stock valued at $5,100,000 after purchasing an additional 168,638 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Hillman Solutions by 8.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,188,699 shares of the company’s stock valued at $28,730,000 after purchasing an additional 257,178 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Hillman Solutions by 36.0% in the second quarter. Teacher Retirement System of Texas now owns 14,705 shares of the company’s stock valued at $132,000 after purchasing an additional 3,890 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in Hillman Solutions by 0.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 992,395 shares of the company’s stock valued at $8,941,000 after purchasing an additional 4,800 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Hillman Solutions by 52.5% during the second quarter. WCM Investment Management LLC now owns 2,510,118 shares of the company’s stock worth $22,666,000 after acquiring an additional 863,668 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLMN. Canaccord Genuity Group began coverage on Hillman Solutions in a research note on Tuesday, July 11th. They set a “buy” rating and a $12.00 price target on the stock. Barclays dropped their price target on Hillman Solutions from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, October 12th. Finally, TheStreet lowered Hillman Solutions from a “c-” rating to a “d+” rating in a research note on Tuesday, October 31st.

Hillman Solutions Trading Down 0.6 %

Hillman Solutions stock opened at $6.90 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 2.51 and a debt-to-equity ratio of 0.71. Hillman Solutions Corp has a 52 week low of $6.46 and a 52 week high of $10.28. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -46.00 and a beta of 1.63. The stock has a 50-day moving average price of $7.89 and a 200 day moving average price of $8.51.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Hillman Solutions had a positive return on equity of 6.42% and a negative net margin of 1.92%. The company had revenue of $380.02 million during the quarter, compared to the consensus estimate of $397.62 million. During the same period in the previous year, the company posted $0.14 earnings per share. Hillman Solutions’s revenue for the quarter was down 3.6% on a year-over-year basis. Sell-side analysts anticipate that Hillman Solutions Corp will post 0.39 EPS for the current year.

Hillman Solutions Company Profile

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.