JPMorgan Chase & Co. Sells 2,283,905 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

JPMorgan Chase & Co. lowered its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,648,997 shares of the company's stock after selling 2,283,905 shares during the period. JPMorgan Chase & Co. owned 4.40% of Hillman Solutions worth $91,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock valued at $35,000 after buying an additional 2,317 shares during the last quarter. Quarry LP purchased a new stake in shares of Hillman Solutions during the 3rd quarter worth approximately $43,000. Canada Pension Plan Investment Board bought a new position in shares of Hillman Solutions during the 2nd quarter valued at approximately $57,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Hillman Solutions by 103.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock valued at $78,000 after purchasing an additional 4,473 shares in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in Hillman Solutions in the third quarter worth $132,000. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Trading Up 2.1 %

NASDAQ HLMN traded up $0.20 during trading on Friday, hitting $9.58. The stock had a trading volume of 1,019,020 shares, compared to its average volume of 895,410. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 239.56 and a beta of 1.65. The stock has a 50 day simple moving average of $10.73 and a 200 day simple moving average of $10.06. Hillman Solutions Corp has a one year low of $8.43 and a one year high of $12.08. 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 (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 during the quarter, compared to analysts' expectations of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. Hillman Solutions's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. Sell-side analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on HLMN. Benchmark increased their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, December 13th. William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Barclays upped their price objective 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. Finally, Robert W. Baird lifted their target price on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.20.

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.