Telemark Asset Management LLC Grows Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Telemark Asset Management LLC boosted its position in Hillman Solutions Corp (NASDAQ:HLMN) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 900,000 shares of the company’s stock after buying an additional 150,000 shares during the quarter. Telemark Asset Management LLC’s holdings in Hillman Solutions were worth $8,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Hillman Solutions in the fourth quarter worth $32,000. First Horizon Advisors Inc. grew its position in shares of Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 shares in the last quarter. Quarry LP purchased a new position in shares of Hillman Solutions in the third quarter valued at $43,000. Venturi Wealth Management LLC grew its position in shares of Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company’s stock valued at $78,000 after purchasing an additional 5,915 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $9.28 on Thursday. 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 50-day simple moving average of $9.91 and a 200 day simple moving average of $10.29. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 116.01 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same period last year, the firm earned $0.10 EPS. On average, research analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HLMN shares. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Benchmark reiterated a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird reduced their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, Barclays reduced their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

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.