Conestoga Capital Advisors LLC Lowers Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Conestoga Capital Advisors LLC cut its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,422,829 shares of the company's stock after selling 1,116,045 shares during the period. Conestoga Capital Advisors LLC owned 3.78% of Hillman Solutions worth $72,298,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HLMN. R Squared Ltd acquired a new stake in Hillman Solutions during the 4th quarter worth $32,000. Janney Montgomery Scott LLC boosted its stake in shares of Hillman Solutions by 28.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company's stock worth $910,000 after buying an additional 20,920 shares during the period. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 1.7% during the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock worth $74,145,000 after buying an additional 130,273 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Hillman Solutions by 1.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company's stock valued at $15,953,000 after acquiring an additional 26,832 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in Hillman Solutions during the 4th quarter valued at approximately $4,631,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philip Woodlief sold 19,779 shares of the company's stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded up $0.11 during trading on Thursday, hitting $10.11. 505,866 shares of the company were exchanged, compared to its average volume of 750,574. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions Corp has a 1 year low of $8.43 and a 1 year high of $12.08. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 252.81 and a beta of 1.68. The firm's fifty day moving average price is $10.22 and its 200 day moving average price is $10.23.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HLMN. William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Benchmark lifted 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. Canaccord Genuity Group upped their price objective 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. Barclays reduced their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

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.