Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lessened its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 11.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,538,874 shares of the company's stock after selling 1,079,779 shares during the quarter. Conestoga Capital Advisors LLC owned about 4.36% of Hillman Solutions worth $90,171,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLMN. ProShare Advisors LLC lifted its position in shares of Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company's stock worth $373,000 after purchasing an additional 2,762 shares during the period. Anchor Capital Advisors LLC lifted its position in Hillman Solutions by 2.1% during the first quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company's stock valued at $1,576,000 after purchasing an additional 3,037 shares during the period. Rhumbline Advisers boosted its position in Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company's stock worth $2,738,000 after purchasing an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hillman Solutions by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company's stock valued at $382,000 after buying an additional 3,299 shares during the period. Finally, Capstone Investment Advisors LLC grew its position in shares of Hillman Solutions by 23.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company's stock valued at $228,000 after acquiring an additional 4,004 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HLMN shares. Barclays increased their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, August 12th. Canaccord Genuity Group upped their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.08.

Hillman Solutions Stock Performance

Shares of HLMN stock traded up $0.22 during trading hours on Friday, hitting $10.82. The company's stock had a trading volume of 685,293 shares, compared to its average volume of 885,539. The stock has a market cap of $2.12 billion, a PE ratio of 357.79 and a beta of 1.66. Hillman Solutions Corp has a 12-month low of $6.02 and a 12-month high of $11.15. The company has a 50 day moving average of $10.22 and a 200 day moving average of $9.63. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $379.43 million during the quarter, compared to analyst estimates of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same quarter last year, the business posted $0.13 EPS. On average, sell-side analysts forecast that Hillman Solutions Corp will post 0.52 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.