ArrowMark Colorado Holdings LLC Grows Holdings in Hillman Solutions Corp. $HLMN

ArrowMark Colorado Holdings LLC raised its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 71.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 671,000 shares of the company’s stock after purchasing an additional 280,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.34% of Hillman Solutions worth $6,160,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HLMN. White Pine Capital LLC increased its stake in shares of Hillman Solutions by 1.1% in the second quarter. White Pine Capital LLC now owns 95,358 shares of the company’s stock worth $681,000 after purchasing an additional 1,074 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Hillman Solutions by 8.0% during 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 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 valued at $1,083,000 after buying an additional 1,324 shares in the last quarter. CWM LLC boosted its holdings in Hillman Solutions by 106.3% in the 3rd quarter. CWM LLC now owns 3,441 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares during the period. Finally, Entropy Technologies LP boosted its holdings in Hillman Solutions by 17.8% in the 2nd quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock worth $94,000 after buying an additional 1,977 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Up 0.2%

Shares of NASDAQ:HLMN opened at $8.05 on Monday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 38.34 and a beta of 1.67. Hillman Solutions Corp. has a 12 month low of $6.55 and a 12 month high of $10.85. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $9.29 and a 200 day moving average price of $9.21.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts predict 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 stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the sale, the insider owned 72,605 shares in the company, valued at approximately $601,895.45. This represents a 13.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

HLMN has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Benchmark dropped their price objective on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Canaccord Genuity Group decreased their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.