Squarepoint Ops LLC Makes New Investment in Hillman Solutions Corp (NASDAQ:HLMN)

Squarepoint Ops LLC bought a new position in Hillman Solutions Corp (NASDAQ:HLMN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,709 shares of the company’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds have also modified their holdings of HLMN. Envestnet Portfolio Solutions Inc. lifted its position in shares of Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after acquiring an additional 1,061 shares in the last quarter. Xponance Inc. lifted its position in shares of Hillman Solutions by 10.1% in the fourth quarter. Xponance Inc. now owns 14,106 shares of the company’s stock valued at $137,000 after acquiring an additional 1,297 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Hillman Solutions by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after acquiring an additional 1,325 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Hillman Solutions by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock valued at $1,404,000 after acquiring an additional 1,562 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Hillman Solutions by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company’s stock valued at $1,163,000 after acquiring an additional 2,391 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays decreased their target price 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. Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Baird R W downgraded Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Raymond James set a $10.00 price objective on Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird reduced their price objective on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Insider Activity at Hillman Solutions

In related news, CFO Robert O. Kraft acquired 140,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the purchase, the chief financial officer now directly owns 632,752 shares of the company’s stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Hillman Solutions Price Performance

Shares of HLMN opened at $7.44 on Tuesday. The business’s 50-day moving average is $7.58 and its two-hundred day moving average is $9.15. The company has a market capitalization of $1.47 billion, a P/E ratio of 93.01 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a fifty-two week low of $6.64 and a fifty-two week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. During the same quarter 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. Research analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

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.