Allspring Global Investments Holdings LLC Sells 113,921 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Allspring Global Investments Holdings LLC cut its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,044,025 shares of the company's stock after selling 113,921 shares during the quarter. Allspring Global Investments Holdings LLC owned 3.58% of Hillman Solutions worth $66,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HLMN. Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock valued at $74,145,000 after buying an additional 130,273 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hillman Solutions by 2.5% during the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company's stock worth $50,203,000 after acquiring an additional 113,692 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Hillman Solutions by 1.5% in the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company's stock worth $34,724,000 after acquiring an additional 49,306 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Hillman Solutions by 0.5% in the 3rd quarter. Natixis Advisors LLC now owns 2,512,226 shares of the company's stock valued at $26,529,000 after purchasing an additional 13,439 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hillman Solutions by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,415,894 shares of the company's stock valued at $25,512,000 after purchasing an additional 95,022 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insider Activity

In other news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction dated 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. The trade was a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on HLMN. William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Barclays lowered their target price on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Robert W. Baird raised 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. Finally, Benchmark boosted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Hillman Solutions Trading Down 0.7 %

HLMN traded down $0.07 during midday trading on Monday, reaching $10.36. 1,077,017 shares of the company's stock traded hands, compared to its average volume of 686,277. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08. 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 fifty day moving average of $10.07 and a two-hundred day moving average of $10.25. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 259.06 and a beta of 1.68.

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.