Hillman Solutions Corp (NASDAQ:HLMN) Sees Significant Drop in Short Interest

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 4,350,000 shares, a decrease of 15.4% from the July 31st total of 5,140,000 shares. Approximately 2.2% of the company's shares are short sold. Based on an average daily volume of 917,800 shares, the short-interest ratio is presently 4.7 days.

Hillman Solutions Stock Up 2.1 %

HLMN traded up $0.20 during trading hours on Monday, reaching $9.95. 1,076,200 shares of the stock traded hands, compared to its average volume of 907,517. The firm's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $9.50. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -995.00 and a beta of 1.66. Hillman Solutions has a fifty-two week low of $6.02 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The business had revenue of $379.43 million during the quarter, compared to analyst estimates of $383.53 million. During the same period last year, the business earned $0.13 EPS. As a group, analysts forecast that Hillman Solutions will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HLMN shares. Robert W. Baird increased their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 8th. Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Barclays increased their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $11.92.

Insider Buying and Selling

In other news, Director Aaron Jagdfeld sold 49,447 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total value of $447,000.88. Following the completion of the sale, the director now owns 197,031 shares of the company's stock, valued at $1,781,160.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Algert Global LLC bought a new position in Hillman Solutions during the 2nd quarter valued at $334,000. The Manufacturers Life Insurance Company lifted its position in shares of Hillman Solutions by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company's stock worth $892,000 after buying an additional 4,581 shares during the last quarter. MBB Public Markets I LLC bought a new position in shares of Hillman Solutions in the 2nd quarter worth about $133,000. Dark Forest Capital Management LP bought a new position in shares of Hillman Solutions in the 2nd quarter worth about $175,000. Finally, Sei Investments Co. lifted its position in shares of Hillman Solutions by 3.7% in the 2nd quarter. Sei Investments Co. now owns 936,974 shares of the company's stock worth $8,292,000 after buying an additional 33,698 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

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.