MCF Advisors LLC Has $2.24 Million Stake in Hillman Solutions Corp (NASDAQ:HLMN)

MCF Advisors LLC cut its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,338 shares of the company’s stock after selling 32,160 shares during the period. MCF Advisors LLC owned approximately 0.12% of Hillman Solutions worth $2,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HLMN. Reinhart Partners LLC. boosted its holdings in Hillman Solutions by 1.7% during the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Hillman Solutions by 1.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after buying an additional 93,759 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hillman Solutions by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after acquiring an additional 578,042 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hillman Solutions by 2.5% in the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after acquiring an additional 113,692 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after acquiring an additional 49,306 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Robert W. Baird raised their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays dropped their price target 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. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Benchmark boosted their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group raised 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hillman Solutions has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Hillman Solutions Price Performance

Shares of HLMN opened at $10.28 on Wednesday. The company’s 50-day moving average is $10.45 and its 200-day moving average is $10.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The firm has a market capitalization of $2.02 billion, a PE ratio of 257.06 and a beta of 1.68. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.

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

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott Ride sold 72,523 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the transaction, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

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.