Wells Fargo & Company MN Sells 123,383 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Wells Fargo & Company MN lowered its stake in Hillman Solutions Corp (NASDAQ:HLMNFree Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,778,473 shares of the company’s stock after selling 123,383 shares during the quarter. Wells Fargo & Company MN owned about 0.91% of Hillman Solutions worth $16,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. AXQ Capital LP bought a new position in Hillman Solutions in the 3rd quarter worth $103,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hillman Solutions during the third quarter worth about $108,000. Raymond James Financial Services Advisors Inc. raised its stake 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 period. Sherbrooke Park Advisers LLC purchased a new position in Hillman Solutions in the 3rd quarter worth approximately $129,000. Finally, Dark Forest Capital Management LP bought a new position in Hillman Solutions in the 3rd quarter worth approximately $138,000. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

HLMN has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Robert W. Baird raised their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Barclays boosted their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.75.

Get Our Latest Stock Report on HLMN

Insiders Place Their Bets

In other news, insider Randall J. Fagundo sold 85,207 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $9.58, for a total value of $816,283.06. Following the sale, the insider now owns 45,440 shares of the company’s stock, valued at $435,315.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $6,473,511.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Randall J. Fagundo sold 85,207 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $9.58, for a total value of $816,283.06. Following the completion of the sale, the insider now owns 45,440 shares of the company’s stock, valued at approximately $435,315.20. The disclosure for this sale can be found here. Insiders sold 196,930 shares of company stock valued at $1,912,441 over the last three months. 5.10% of the stock is owned by company insiders.

Hillman Solutions Stock Up 1.3 %

Shares of NASDAQ:HLMN opened at $9.19 on Friday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -919.00 and a beta of 1.73. Hillman Solutions Corp has a 12 month low of $6.02 and a 12 month high of $10.85. The company has a current ratio of 2.49, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $9.76 and a 200 day moving average price of $9.14.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $350.31 million during the quarter, compared to analyst estimates of $354.47 million. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. As a group, equities research analysts predict that Hillman Solutions Corp will post 0.46 earnings per share for the current year.

About Hillman Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Hillman Solutions (NASDAQ:HLMN)

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