Bernzott Capital Advisors Lowers Position in Hillman Solutions Corp (NASDAQ:HLMN)

Bernzott Capital Advisors lessened its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 647,786 shares of the company's stock after selling 113,355 shares during the period. Hillman Solutions accounts for about 3.1% of Bernzott Capital Advisors' investment portfolio, making the stock its 14th biggest holding. Bernzott Capital Advisors owned approximately 0.33% of Hillman Solutions worth $6,309,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. grew its stake in shares of Hillman Solutions by 2.7% in the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company's stock worth $75,363,000 after acquiring an additional 225,480 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 1.7% during the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company's stock valued at $75,588,000 after buying an additional 93,759 shares during the period. Dimensional Fund Advisors LP grew its position in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock worth $42,134,000 after buying an additional 578,042 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Hillman Solutions by 2.5% during the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company's stock valued at $50,203,000 after acquiring an additional 113,692 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HLMN shares. William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Barclays lowered their price objective on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday. Robert W. Baird upped their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Benchmark lifted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Canaccord Genuity Group upped their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hillman Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $14.00.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares in the company, valued at $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Ride sold 72,523 shares of the stock in a transaction dated 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 owns 70,369 shares of the company's stock, valued at approximately $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. 5.10% of the stock is currently owned by company insiders.

Hillman Solutions Stock Down 0.3 %

Shares of NASDAQ HLMN traded down $0.03 during mid-day trading on Friday, hitting $10.00. The company had a trading volume of 594,409 shares, compared to its average volume of 877,974. Hillman Solutions Corp has a one year low of $8.43 and a one year high of $12.08. The company has a market capitalization of $1.97 billion, a PE ratio of 250.06 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $10.52 and a two-hundred day simple moving average of $10.12.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current 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.