Dark Forest Capital Management LP Invests $175,000 in Hillman Solutions Corp (NASDAQ:HLMN)

Dark Forest Capital Management LP acquired a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 19,774 shares of the company’s stock, valued at approximately $175,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Hillman Solutions by 158.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock valued at $62,518,000 after purchasing an additional 4,336,039 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Hillman Solutions by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after buying an additional 578,042 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Hillman Solutions by 271.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock worth $6,168,000 after buying an additional 509,219 shares during the period. Roubaix Capital LLC bought a new stake in Hillman Solutions during the 1st quarter worth approximately $4,498,000. Finally, Burgundy Asset Management Ltd. increased its position in Hillman Solutions by 5.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 8,107,159 shares of the company’s stock valued at $74,667,000 after acquiring an additional 408,601 shares during the period. Institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays upped their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.92.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $10.56 on Tuesday. The business has a 50-day moving average price of $9.80 and a two-hundred day moving average price of $9.58. Hillman Solutions Corp has a 1-year low of $6.02 and a 1-year high of $10.85. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.07 billion, a P/E ratio of -1,056.00 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $379.43 million during the quarter, compared to the consensus estimate of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, analysts anticipate that Hillman Solutions Corp will post 0.53 EPS 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.