Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 51.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,664 shares of the company’s stock after selling 68,081 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Hillman Solutions were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in Hillman Solutions by 29.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock worth $470,000 after acquiring an additional 10,036 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Hillman Solutions during the 1st quarter worth approximately $143,000. SG Americas Securities LLC purchased a new stake in shares of Hillman Solutions in the first quarter valued at approximately $153,000. ProShare Advisors LLC lifted its holdings in Hillman Solutions by 8.5% in the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock valued at $373,000 after acquiring an additional 2,762 shares during the period. Finally, Cercano Management LLC lifted its stake in shares of Hillman Solutions by 21.6% in the first quarter. Cercano Management LLC now owns 1,610,823 shares of the company’s stock valued at $17,139,000 after purchasing an additional 286,126 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $10.76 on Friday. Hillman Solutions Corp has a fifty-two week low of $7.05 and a fifty-two week high of $12.08. The firm’s 50 day moving average is $10.51 and its two-hundred day moving average is $9.74. The company has a market cap of $2.11 billion, a P/E ratio of 269.00 and a beta of 1.65. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several recent research reports. Robert W. Baird boosted their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Canaccord Genuity Group boosted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays raised their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions 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.