Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Update

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,210,000 shares, a decline of 31.2% from the January 15th total of 3,210,000 shares. Approximately 1.2% of the company's stock are sold short. Based on an average daily volume of 858,800 shares, the days-to-cover ratio is presently 2.6 days.

Hillman Solutions Stock Down 2.1 %

HLMN traded down $0.22 on Tuesday, hitting $10.14. 1,837,969 shares of the company were exchanged, compared to its average volume of 808,567. The stock's fifty day moving average is $10.05 and its 200-day moving average is $10.25. Hillman Solutions has a 12 month low of $8.43 and a 12 month 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. The company has a market cap of $1.99 billion, a PE ratio of 253.56 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. During the same period in the prior year, the firm posted $0.10 EPS. Equities research analysts predict that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Insider Activity at Hillman Solutions

In related news, 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 transaction of $221,129.22. Following the sale, the director now directly owns 55,811 shares in the company, valued at $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by insiders.

Institutional Trading of Hillman Solutions

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions in the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in Hillman Solutions during the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. raised its stake in 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 buying an additional 2,317 shares during the period. Quarry LP acquired a new stake in shares of Hillman Solutions in the third quarter valued at approximately $43,000. Finally, Sterling Capital Management LLC boosted its stake in shares of Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on HLMN. Barclays dropped their price target on 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 lifted their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Robert W. Baird upped their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hillman Solutions presently has an average rating of "Moderate Buy" and an average target price of $14.00.

About Hillman Solutions

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.