Bailard Inc. Buys New Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Bailard Inc. purchased a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,300 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AXQ Capital LP bought a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $103,000. Envestnet Portfolio Solutions Inc. bought a new stake in Hillman Solutions in the 3rd quarter valued at $108,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Hillman Solutions by 22.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company’s stock valued at $110,000 after purchasing an additional 2,407 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in Hillman Solutions during the third quarter worth $129,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Hillman Solutions in the third quarter valued at $138,000. Institutional investors own 98.11% of the company’s stock.

Insider Buying and Selling

In other Hillman Solutions news, EVP Gary Seeds sold 163,975 shares of Hillman Solutions stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at approximately $2,808,700.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the sale, the chief operating officer now owns 659,889 shares in the company, valued at $6,473,511.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Seeds sold 163,975 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the transaction, the executive vice president now owns 294,722 shares of the company’s stock, valued at $2,808,700.66. The disclosure for this sale can be found here. Insiders have sold 618,658 shares of company stock valued at $5,958,077 over the last 90 days. 4.10% of the stock is owned by corporate insiders.

Hillman Solutions Price Performance

NASDAQ:HLMN opened at $9.83 on Tuesday. Hillman Solutions Corp has a 52 week low of $6.02 and a 52 week high of $10.85. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $9.86 and its 200 day simple moving average is $8.74.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HLMN shares. Barclays raised their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Canaccord Genuity Group increased their price target on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.63.

About Hillman Solutions

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.