Short Interest in Hillman Solutions Corp (NASDAQ:HLMN) Rises By 9.1%

Hillman Solutions Corp (NASDAQ:HLMN) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,990,000 shares, an increase of 9.1% from the November 30th total of 2,740,000 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 809,700 shares, the days-to-cover ratio is presently 3.7 days.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the sale, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $773,095.18. Following the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares in the last quarter. Rhumbline Advisers boosted its position in Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after purchasing an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hillman Solutions by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after purchasing an additional 3,299 shares during the last quarter. Quarry LP bought a new position in shares of Hillman Solutions in the 3rd quarter valued at approximately $43,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after buying an additional 4,473 shares during the period. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Performance

NASDAQ HLMN traded up $0.05 during trading hours on Wednesday, hitting $9.74. The company had a trading volume of 586,917 shares, compared to its average volume of 896,872. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $10.78 and a 200-day simple moving average of $10.06. The firm has a market cap of $1.91 billion, a P/E ratio of 243.56 and a beta of 1.65. Hillman Solutions has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.

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

Analysts Set New Price Targets

Several brokerages have weighed in on HLMN. Benchmark boosted their price target on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird boosted their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays upped their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.20.

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.