Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Update

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,490,000 shares, a growth of 47.9% from the February 13th total of 2,360,000 shares. Based on an average trading volume of 979,300 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.8% of the company's stock are sold short.

Institutional Trading of Hillman Solutions

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after purchasing an additional 509,016 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Hillman Solutions by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company's stock valued at $86,452,000 after purchasing an additional 160,505 shares during the last quarter. Reinhart Partners LLC. lifted its position in Hillman Solutions by 1.7% in the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock valued at $74,145,000 after purchasing an additional 130,273 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after purchasing an additional 605,049 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company's stock valued at $50,203,000 after purchasing an additional 113,692 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have commented on HLMN. Barclays reduced their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Benchmark reiterated a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird reduced their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hillman Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded up $0.09 during trading hours on Wednesday, reaching $9.08. The company's stock had a trading volume of 1,397,858 shares, compared to its average volume of 870,457. The company's 50 day simple moving average is $9.88 and its 200 day simple moving average is $10.28. 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 has a one year low of $8.43 and a one year high of $12.08. The stock has a market cap of $1.79 billion, a P/E ratio of 113.51 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period last year, the business earned $0.10 EPS. As a group, analysts expect that Hillman Solutions will post 0.58 EPS for the current fiscal 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.