New York State Common Retirement Fund Buys 12,150 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

New York State Common Retirement Fund increased its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,072,110 shares of the company’s stock after purchasing an additional 12,150 shares during the period. New York State Common Retirement Fund’s holdings in Hillman Solutions were worth $9,874,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HLMN. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hillman Solutions by 24.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,327 shares of the company’s stock worth $445,000 after purchasing an additional 9,543 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new position in Hillman Solutions in the fourth quarter valued at approximately $1,211,000. Conestoga Capital Advisors LLC boosted its stake in Hillman Solutions by 13.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 9,180,793 shares of the company’s stock valued at $84,555,000 after acquiring an additional 1,107,675 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Hillman Solutions by 12.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,900 shares of the company’s stock worth $810,000 after acquiring an additional 9,587 shares during the period. Finally, Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 11.0% during the 4th quarter. Reinhart Partners LLC. now owns 6,717,618 shares of the company’s stock valued at $61,869,000 after acquiring an additional 663,417 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jon Michael Adinolfi sold 110,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Hillman Solutions news, insider Randall J. Fagundo sold 85,207 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $9.58, for a total transaction of $816,283.06. Following the sale, the insider now directly owns 45,440 shares of the company’s stock, valued at approximately $435,315.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 659,889 shares of the company’s stock, valued at approximately $6,473,511.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 618,658 shares of company stock worth $5,958,077. Corporate insiders own 4.10% of the company’s stock.

Hillman Solutions Trading Up 1.4 %

NASDAQ:HLMN opened at $9.69 on Thursday. The business’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $8.75. Hillman Solutions Corp has a fifty-two week low of $6.02 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. The stock has a market capitalization of $1.89 billion, a PE ratio of -193.80 and a beta of 1.72.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $347.81 million during the quarter, compared to analysts’ expectations of $344.98 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts expect that Hillman Solutions Corp will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Canaccord Genuity Group upped their price target on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays lifted their price objective 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.63.

Hillman Solutions 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.