Conestoga Capital Advisors LLC Cuts Stock Holdings in Hillman Solutions Corp. $HLMN

Conestoga Capital Advisors LLC lessened its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 25.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,483,883 shares of the company’s stock after selling 1,873,246 shares during the period. Conestoga Capital Advisors LLC owned about 2.77% of Hillman Solutions worth $50,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLMN. State of Alaska Department of Revenue bought a new position in Hillman Solutions in the third quarter worth approximately $104,000. SG Americas Securities LLC increased its holdings in shares of Hillman Solutions by 379.5% in the 3rd quarter. SG Americas Securities LLC now owns 49,903 shares of the company’s stock valued at $458,000 after acquiring an additional 39,495 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Hillman Solutions by 15.4% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 43,400 shares of the company’s stock worth $398,000 after acquiring an additional 5,800 shares in the last quarter. Tectonic Advisors LLC lifted its stake in shares of Hillman Solutions by 1.1% during the 3rd quarter. Tectonic Advisors LLC now owns 118,022 shares of the company’s stock worth $1,083,000 after purchasing an additional 1,324 shares during the last quarter. Finally, CWM LLC boosted its position in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $9.82 on Monday. Hillman Solutions Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $10.64. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 51.69 and a beta of 1.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 2.46. The stock’s 50-day simple moving average is $8.86 and its 200-day simple moving average is $8.99.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $424.94 million during the quarter, compared to analyst estimates of $425.00 million. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%. As a group, equities analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HLMN. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 target price on shares of Hillman Solutions in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.