Mirae Asset Global Investments Co. Ltd. Purchases 9,587 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Mirae Asset Global Investments Co. Ltd. boosted its position in Hillman Solutions Corp (NASDAQ:HLMN) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,900 shares of the company’s stock after buying an additional 9,587 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hillman Solutions were worth $810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HLMN. Vanguard Group Inc. increased its position in Hillman Solutions by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock valued at $158,044,000 after buying an additional 1,613,190 shares in the last quarter. Cercano Management LLC bought a new stake in Hillman Solutions during the 3rd quarter worth approximately $10,929,000. Comerica Bank bought a new stake in Hillman Solutions during the 3rd quarter worth approximately $5,614,000. Reinhart Partners LLC. increased its holdings in Hillman Solutions by 11.0% during the 4th quarter. Reinhart Partners LLC. now owns 6,717,618 shares of the company’s stock worth $61,869,000 after purchasing an additional 663,417 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in Hillman Solutions by 71.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,081,040 shares of the company’s stock worth $8,919,000 after purchasing an additional 449,101 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the completion of the transaction, the chief operating officer now directly owns 659,889 shares of the company’s stock, valued at $6,473,511.09. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Hillman Solutions news, Director John W. Swygert sold 7,207 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total transaction of $70,196.18. Following the completion of the transaction, the director now directly owns 24,999 shares of the company’s stock, valued at $243,490.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now directly owns 659,889 shares of the company’s stock, valued at $6,473,511.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 618,658 shares of company stock valued at $5,958,077. Company insiders own 4.10% of the company’s stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $9.69 on Thursday. Hillman Solutions Corp has a twelve month low of $6.02 and a twelve month high of $10.85. The stock’s 50 day moving average price is $9.82 and its 200-day moving average price is $8.69. The company has a market capitalization of $1.89 billion, a PE ratio of -193.76 and a beta of 1.72. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The firm had revenue of $347.81 million for the quarter, compared to the consensus estimate of $344.98 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, equities analysts anticipate that Hillman Solutions Corp will post 0.49 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on HLMN. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Barclays boosted their price objective on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.63.

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.