Hillman Solutions Corp (NASDAQ:HLMN) Shares Bought by Telemark Asset Management LLC

Telemark Asset Management LLC grew its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. Telemark Asset Management LLC owned about 0.38% of Hillman Solutions worth $7,920,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HLMN. First Horizon Advisors Inc. lifted its stake 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 during the period. Canada Pension Plan Investment Board purchased a new stake in Hillman Solutions during the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. grew its stake in Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock valued at $78,000 after acquiring an additional 4,473 shares during the last quarter. Institute for Wealth Management LLC. purchased a new position in Hillman Solutions during the 2nd quarter valued at about $101,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Hillman Solutions during the third quarter worth about $132,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Up 1.9 %

Shares of HLMN stock traded up $0.21 during trading hours on Friday, reaching $11.28. The company had a trading volume of 1,129,179 shares, compared to its average volume of 891,498. The stock's fifty day simple moving average is $10.61 and its 200 day simple moving average is $9.77. The company has a market capitalization of $2.22 billion, a P/E ratio of 277.94 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a twelve month low of $7.06 and a twelve month high of $12.08.

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

Insider Activity

In related news, insider Scott Ride sold 72,523 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the sale, the insider now directly owns 70,369 shares of the company's stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Canaccord Genuity Group raised their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird lifted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.