Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd trimmed its position in Hillman Solutions Corp (NASDAQ:HLMN) by 91.9% in the third quarter, Holdings Channel reports. The firm owned 200,000 shares of the company’s stock after selling 2,279,392 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Hillman Solutions were worth $2,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLMN. SG Americas Securities LLC acquired a new position in shares of Hillman Solutions in the 1st quarter worth approximately $153,000. ProShare Advisors LLC boosted 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 worth $373,000 after purchasing an additional 2,762 shares during the period. LRI Investments LLC bought a new stake in shares of Hillman Solutions during the 1st quarter valued at about $195,000. Price T Rowe Associates Inc. MD raised its stake in Hillman Solutions by 167.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock worth $2,660,000 after acquiring an additional 156,449 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its holdings in Hillman Solutions by 115.7% in the first quarter. Mount Yale Investment Advisors LLC now owns 33,297 shares of the company’s stock worth $354,000 after acquiring an additional 17,861 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares of the company’s stock, valued at $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by insiders.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $11.28 on Friday. The stock has a market cap of $2.22 billion, a P/E ratio of 282.07 and a beta of 1.65. The firm’s 50-day simple moving average is $10.64 and its 200 day simple moving average is $9.78. Hillman Solutions Corp has a fifty-two week low of $7.06 and a fifty-two week high of $12.08. 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 issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. During the same period in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on HLMN shares. Barclays increased their price target on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group increased their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Robert W. Baird increased their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hillman Solutions has an average rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Company 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.