Stratos Wealth Partners LTD. Has $113,000 Stake in Hillman Solutions Corp. (NASDAQ:HLMN)

Stratos Wealth Partners LTD. trimmed its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 30.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,878 shares of the company’s stock after selling 5,512 shares during the period. Stratos Wealth Partners LTD.’s holdings in Hillman Solutions were worth $113,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Hillman Solutions by 12.4% in the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company’s stock valued at $119,000 after buying an additional 1,491 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Hillman Solutions by 17.9% in the 1st quarter. Teacher Retirement System of Texas now owns 232,302 shares of the company’s stock valued at $2,042,000 after buying an additional 35,266 shares during the period. Skylands Capital LLC lifted its holdings in Hillman Solutions by 156.5% during the first quarter. Skylands Capital LLC now owns 124,000 shares of the company’s stock worth $1,090,000 after acquiring an additional 75,650 shares in the last quarter. KBC Group NV acquired a new position in Hillman Solutions in the first quarter valued at about $35,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Hillman Solutions by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company’s stock worth $63,007,000 after acquiring an additional 67,389 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HLMN. Stifel Nicolaus initiated coverage on Hillman Solutions in a report on Monday. They set a “buy” rating and a $9.50 target price for the company. Raymond James Financial set a $10.00 price target on shares of Hillman Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Barclays decreased their price target on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Robert W. Baird decreased their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, Baird R W lowered shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.75.

Insider Buying and Selling at Hillman Solutions

In other news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction dated Thursday, May 1st. The stock was bought at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the purchase, the chief financial officer directly owned 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Hillman Solutions Trading Up 6.5%

Shares of HLMN opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 91.45 and a beta of 1.65. The business’s fifty day moving average is $7.44 and its 200-day moving average is $8.50.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $359.34 million during the quarter, compared to analysts’ expectations of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

About Hillman Solutions

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.