Hillman Solutions Corp (NASDAQ:HLMN) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Hillman Solutions Corp (NASDAQ:HLMN) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450,050 shares of the company’s stock after purchasing an additional 39,612 shares during the period. Ameriprise Financial Inc. owned approximately 0.74% of Hillman Solutions worth $14,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. acquired a new position in shares of Hillman Solutions in the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Hillman Solutions in the 4th quarter valued at about $32,000. Sterling Capital Management LLC lifted its stake in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after purchasing an additional 4,572 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company’s stock valued at $78,000 after purchasing an additional 5,915 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the acquisition, the chief financial officer now directly owns 632,752 shares of the company’s stock, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is owned by company insiders.

Hillman Solutions Price Performance

HLMN stock opened at $8.06 on Friday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 52-week low of $6.64 and a 52-week high of $12.08. The stock’s 50 day moving average is $8.09 and its two-hundred day moving average is $9.55. The company has a market capitalization of $1.59 billion, a PE ratio of 100.76 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period in the previous year, the business earned $0.10 EPS. Hillman Solutions’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HLMN shares. Robert W. Baird reduced their price target on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Baird R W lowered Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Barclays reduced their price target on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Raymond James set a $10.00 price target on Hillman Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Benchmark reissued a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Hillman Solutions Company 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.