Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,187,892 shares of the company's stock after selling 259,058 shares during the period. Riverbridge Partners LLC owned 1.62% of Hillman Solutions worth $31,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of 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 bought a new position in Hillman Solutions in the third quarter worth approximately $43,000. Canada Pension Plan Investment Board bought a new position in Hillman Solutions in the second quarter worth approximately $57,000. Benjamin F. Edwards & Company Inc. raised its position in Hillman Solutions by 103.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock worth $78,000 after acquiring an additional 4,473 shares during the period. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of Hillman Solutions during the 3rd quarter valued at $132,000. Institutional investors own 98.11% of the company's stock.

Insiders Place Their Bets

In other news, insider Scott Ride sold 72,523 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 70,369 shares of the company's stock, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were 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 of the company's stock, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Hillman Solutions Stock Performance

NASDAQ HLMN traded up $0.10 during mid-day trading on Thursday, reaching $10.26. 321,074 shares of the stock were exchanged, compared to its average volume of 813,232. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The business's 50 day moving average is $10.43 and its 200-day moving average is $10.17. The company has a market capitalization of $2.02 billion, a P/E ratio of 256.44 and a beta of 1.68. Hillman Solutions Corp has a 1 year low of $8.43 and a 1 year high of $12.08.

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

Analysts Set New Price Targets

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

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.