377,510 Shares in Hillman Solutions Corp (NASDAQ:HLMN) Purchased by Ballast Asset Management LP

Ballast Asset Management LP purchased a new stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 377,510 shares of the company's stock, valued at approximately $3,677,000. Hillman Solutions accounts for 1.9% of Ballast Asset Management LP's investment portfolio, making the stock its 21st largest position. Ballast Asset Management LP owned 0.19% of Hillman Solutions at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Hillman Solutions in the 4th quarter valued at about $32,000. Quarry LP purchased a new position in Hillman Solutions during the third quarter valued at approximately $43,000. Venturi Wealth Management LLC raised its stake in Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after buying an additional 6,500 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Hillman Solutions by 285.7% during the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after buying an additional 5,915 shares during the period. Finally, Entropy Technologies LP bought a new stake in Hillman Solutions during the 4th quarter valued at $106,000. Institutional investors own 98.11% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on HLMN shares. Robert W. Baird reduced their price target 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. Barclays reduced their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.00.

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Hillman Solutions Stock Down 1.7 %

NASDAQ HLMN traded down $0.14 during trading on Friday, hitting $8.01. The company's stock had a trading volume of 3,859,480 shares, compared to its average volume of 1,013,382. Hillman Solutions Corp has a fifty-two week low of $7.35 and a fifty-two week high of $12.08. The company has a market cap of $1.58 billion, a PE ratio of 100.14 and a beta of 1.68. 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 business's 50 day simple moving average is $9.64 and its 200-day simple moving average is $10.20.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. During the same quarter last year, the business earned $0.10 earnings per share. On average, equities analysts anticipate that Hillman Solutions Corp will post 0.58 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.