Russell Investments Group Ltd. Reduces Position in Hillman Solutions Corp (NASDAQ:HLMN)

Russell Investments Group Ltd. trimmed its position in Hillman Solutions Corp (NASDAQ:HLMN) by 17.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 801,446 shares of the company’s stock after selling 175,072 shares during the period. Russell Investments Group Ltd.’s holdings in Hillman Solutions were worth $7,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. White Pine Capital LLC lifted its holdings in Hillman Solutions by 14.0% in the 4th quarter. White Pine Capital LLC now owns 58,512 shares of the company’s stock worth $539,000 after buying an additional 7,180 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Hillman Solutions by 27.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 348,539 shares of the company’s stock valued at $3,210,000 after acquiring an additional 74,593 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter worth about $215,000. New York State Common Retirement Fund lifted its holdings in Hillman Solutions by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 1,072,110 shares of the company’s stock worth $9,874,000 after buying an additional 12,150 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hillman Solutions by 24.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,327 shares of the company’s stock valued at $445,000 after purchasing an additional 9,543 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLMN. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Canaccord Genuity Group increased their target price 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 upped their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

Insider Transactions at Hillman Solutions

In related news, COO Jon Michael Adinolfi sold 110,000 shares of the business’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 transaction of $1,079,100.00. Following the completion of the sale, the chief operating officer now directly 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. In other news, Director John W. Swygert sold 7,207 shares of Hillman Solutions stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total transaction of $70,196.18. Following the transaction, the director now directly owns 24,999 shares of the company’s stock, valued at approximately $243,490.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jon Michael Adinolfi sold 110,000 shares of the business’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 transaction, the chief operating officer now owns 659,889 shares of the company’s stock, valued at $6,473,511.09. The disclosure for this sale can be found here. Insiders have sold 618,658 shares of company stock worth $5,958,077 in the last quarter. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Trading Down 4.3 %

NASDAQ:HLMN opened at $9.58 on Wednesday. The company has a market cap of $1.87 billion, a PE ratio of -191.56 and a beta of 1.73. The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $8.82. Hillman Solutions Corp has a 12 month low of $6.02 and a 12 month high of $10.85.

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

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.