Cornercap Investment Counsel Inc. Cuts Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Cornercap Investment Counsel Inc. lowered its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 51.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,664 shares of the company's stock after selling 68,081 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Hillman Solutions were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of HLMN. Allspring Global Investments Holdings LLC lifted its position in shares of Hillman Solutions by 158.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company's stock valued at $62,518,000 after acquiring an additional 4,336,039 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company's stock valued at $17,013,000 after buying an additional 914,151 shares during the period. Dimensional Fund Advisors LP increased its position in Hillman Solutions by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock valued at $42,134,000 after buying an additional 578,042 shares in the last quarter. Reinhart Partners LLC. raised its stake in Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock worth $79,012,000 after buying an additional 503,809 shares during the period. Finally, Roubaix Capital LLC acquired a new stake in Hillman Solutions in the first quarter valued at approximately $4,498,000. Institutional investors own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Benchmark reiterated a "buy" rating and set a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Robert W. Baird increased their price objective on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.60.

Hillman Solutions Stock Down 2.2 %

HLMN traded down $0.24 during trading on Friday, reaching $10.76. The stock had a trading volume of 723,399 shares, compared to its average volume of 892,159. 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 company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 269.00 and a beta of 1.65. The stock's 50 day moving average is $10.51 and its two-hundred day moving average is $9.74. Hillman Solutions Corp has a one year low of $7.05 and a one year high of $12.08.

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

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.