Hillman Solutions Corp (NASDAQ:HLMN) Stake Lessened by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its position in Hillman Solutions Corp (NASDAQ:HLMN) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,422,829 shares of the company’s stock after selling 1,116,045 shares during the period. Conestoga Capital Advisors LLC owned approximately 3.78% of Hillman Solutions worth $72,298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Hillman Solutions during the 4th quarter worth about $32,000. Janney Montgomery Scott LLC lifted its position in shares of Hillman Solutions by 28.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company’s stock valued at $910,000 after acquiring an additional 20,920 shares in the last quarter. Reinhart Partners LLC. grew its position in Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after purchasing an additional 130,273 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Hillman Solutions by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company’s stock valued at $15,953,000 after purchasing an additional 26,832 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Hillman Solutions in the fourth quarter worth $4,631,000. 98.11% of the stock is owned by institutional investors.

Insider Transactions at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at approximately $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 this link. Also, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Benchmark increased their price objective on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barclays lowered their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $10.00 on Monday. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08. The stock’s 50-day moving average is $10.34 and its two-hundred day moving average is $10.23. The firm has a market cap of $1.97 billion, a P/E ratio of 250.06 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

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.