Mesirow Financial Investment Management Inc. Sells 10,049 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Mesirow Financial Investment Management Inc. cut its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 23.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,462 shares of the company’s stock after selling 10,049 shares during the period. Hillman Solutions accounts for about 1.8% of Mesirow Financial Investment Management Inc.’s portfolio, making the stock its 9th largest holding. Mesirow Financial Investment Management Inc.’s holdings in Hillman Solutions were worth $356,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. AXQ Capital LP acquired a new position in Hillman Solutions during the third quarter worth $103,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hillman Solutions during the third quarter worth $108,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Hillman Solutions during the third quarter worth $129,000. Dark Forest Capital Management LP purchased a new stake in shares of Hillman Solutions during the third quarter worth $138,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Hillman Solutions during the first quarter worth $140,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLMN. Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. Robert W. Baird increased their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.75.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of Hillman Solutions stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total value of $447,000.88. Following the transaction, the director now owns 197,031 shares in the company, valued at approximately $1,781,160.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by company insiders.

Hillman Solutions Price Performance

Shares of HLMN traded down $0.02 during mid-day trading on Wednesday, reaching $8.76. 484,800 shares of the company’s stock were exchanged, compared to its average volume of 871,410. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -878.00 and a beta of 1.66. The company has a quick ratio of 0.78, a current ratio of 2.49 and a debt-to-equity ratio of 0.65. Hillman Solutions Corp has a 52-week low of $6.02 and a 52-week high of $10.85. The company has a 50-day simple moving average of $9.21 and a two-hundred day simple moving average of $9.35.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. Hillman Solutions’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. On average, sell-side analysts predict that Hillman Solutions Corp will post 0.46 EPS for the current fiscal year.

About Hillman Solutions

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.