MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,815 shares of the company’s stock after acquiring an additional 4,245 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Hillman Solutions worth $1,089,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in Hillman Solutions during the fourth quarter worth approximately $25,000. R Squared Ltd acquired a new stake in Hillman Solutions during the fourth quarter worth approximately $32,000. Sterling Capital Management LLC lifted its position in shares of Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after buying an additional 4,572 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Hillman Solutions by 1,911.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company’s stock valued at $63,000 after buying an additional 6,193 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position 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 buying an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $7.25 on Monday. The firm has a market cap of $1.43 billion, a P/E ratio of 90.64 and a beta of 1.70. Hillman Solutions Corp has a 52-week low of $6.64 and a 52-week high of $12.08. The business’s 50-day moving average price is $7.93 and its 200 day moving average price is $9.43. 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 (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $358.14 million. During the same period last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other 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, with a total value of $992,600.00. Following the purchase, the chief financial officer now owns 632,752 shares of the company’s stock, valued at $4,486,211.68. This represents a 28.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

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.