Kennedy Capital Management LLC Has $2.09 Million Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Kennedy Capital Management LLC lessened its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,537 shares of the company's stock after selling 49,098 shares during the period. Kennedy Capital Management LLC owned about 0.11% of Hillman Solutions worth $2,090,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLMN. Federated Hermes Inc. acquired a new stake in shares of Hillman Solutions during the fourth quarter valued at approximately $25,000. R Squared Ltd purchased a new position in Hillman Solutions during the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC raised its stake in Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after purchasing an additional 6,500 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after purchasing an additional 5,915 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Hillman Solutions in the fourth quarter worth $106,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HLMN shares. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Barclays reduced their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird reaffirmed a "neutral" rating and set a $9.00 price objective (down from $12.00) on shares of Hillman Solutions in a research report on Wednesday. Benchmark reiterated a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.50.

Hillman Solutions Stock Up 1.1 %

NASDAQ:HLMN traded up $0.08 during mid-day trading on Friday, reaching $7.63. The stock had a trading volume of 1,426,098 shares, compared to its average volume of 963,720. The stock has a market cap of $1.51 billion, a P/E ratio of 95.39 and a beta of 1.67. The business's 50 day moving average is $9.01 and its 200 day moving average is $9.95. 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 fifty-two week low of $7.24 and a fifty-two week high of $12.08.

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