Hillman Solutions Corp. $HLMN Position Lifted by Anchor Capital Management Company LLC

Anchor Capital Management Company LLC increased its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 102.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,417,772 shares of the company’s stock after acquiring an additional 717,772 shares during the quarter. Hillman Solutions makes up about 11.2% of Anchor Capital Management Company LLC’s portfolio, making the stock its 4th biggest holding. Anchor Capital Management Company LLC owned approximately 0.72% of Hillman Solutions worth $13,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Hillman Solutions by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock valued at $484,000 after purchasing an additional 24,581 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hillman Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock worth $1,028,000 after purchasing an additional 5,104 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hillman Solutions by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock worth $3,463,000 after purchasing an additional 21,619 shares during the last quarter. Jane Street Group LLC raised its holdings in Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock valued at $2,623,000 after buying an additional 229,815 shares during the period. Finally, Bank of Montreal Can raised its holdings in Hillman Solutions by 8.0% in the 2nd quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock valued at $122,000 after buying an additional 1,268 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $8.05 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 38.34 and a beta of 1.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The business has a 50-day moving average of $9.29 and a 200 day moving average of $9.22. Hillman Solutions Corp. has a 12 month low of $6.55 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $365.14 million for the quarter, compared to analyst estimates of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, sell-side analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the sale, the insider directly owned 72,605 shares of the company’s stock, valued at $601,895.45. This represents a 13.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the subject of several research analyst reports. Canaccord Genuity Group lowered their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Benchmark reduced their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $11.33.

Hillman Solutions Company Profile

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.