Marshall Wace LLP Reduces Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Marshall Wace LLP reduced its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,614 shares of the company's stock after selling 72,894 shares during the period. Marshall Wace LLP owned 0.18% of Hillman Solutions worth $3,464,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HLMN. Federated Hermes Inc. purchased a new position in Hillman Solutions in the fourth quarter worth about $25,000. R Squared Ltd bought a new stake in shares of Hillman Solutions in the fourth quarter worth approximately $32,000. Sterling Capital Management LLC grew its stake in shares of Hillman Solutions by 765.8% in the fourth 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. Venturi Wealth Management LLC grew its stake in shares of Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after acquiring an additional 6,500 shares during the period. Finally, Jones Financial Companies Lllp grew its stake 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 worth $78,000 after acquiring an additional 5,915 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HLMN shares. 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 note on Tuesday, April 8th. Robert W. Baird restated a "neutral" rating and set a $9.00 target price (down from $12.00) on shares of Hillman Solutions in a research report on Wednesday, April 16th. William Blair lowered shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $11.50.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded down $0.56 during midday trading on Tuesday, reaching $7.01. The stock had a trading volume of 4,313,406 shares, compared to its average volume of 1,003,617. Hillman Solutions Corp has a 12-month low of $6.98 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 capitalization of $1.38 billion, a price-to-earnings ratio of 87.64 and a beta of 1.67. The stock has a 50-day moving average of $8.69 and a 200-day moving average of $9.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period last year, the firm posted $0.10 earnings per share. Hillman Solutions's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts anticipate that Hillman Solutions Corp 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.