Harbor Capital Advisors Inc. Has $17.01 Million Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Harbor Capital Advisors Inc. lifted its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 131.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,611,051 shares of the company's stock after purchasing an additional 914,151 shares during the period. Hillman Solutions accounts for approximately 0.7% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 12th biggest holding. Harbor Capital Advisors Inc. owned approximately 0.82% of Hillman Solutions worth $17,013,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HLMN. Allspring Global Investments Holdings LLC boosted its position in shares of Hillman Solutions by 158.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company's stock valued at $62,518,000 after acquiring an additional 4,336,039 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Hillman Solutions by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock valued at $42,134,000 after buying an additional 578,042 shares during the period. Reinhart Partners LLC. grew its position in Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock worth $79,012,000 after buying an additional 503,809 shares in the last quarter. Roubaix Capital LLC bought a new position in Hillman Solutions during the 1st quarter worth $4,498,000. Finally, Conestoga Capital Advisors LLC increased its stake in Hillman Solutions by 3.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company's stock worth $85,125,000 after acquiring an additional 328,740 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLMN has been the topic of several analyst reports. Benchmark reissued a "buy" rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Canaccord Genuity Group raised their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Barclays increased their price target 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.08.

Hillman Solutions Trading Up 2.1 %

Shares of NASDAQ:HLMN traded up $0.22 during mid-day trading on Friday, reaching $10.82. 685,293 shares of the company's stock were exchanged, compared to its average volume of 609,100. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 360.67 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. Hillman Solutions Corp has a twelve month low of $6.02 and a twelve month high of $11.15. The business's fifty day moving average price is $10.25 and its 200-day moving average price is $9.63.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $379.43 million during the quarter, compared to the consensus estimate of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same period last year, the company earned $0.13 earnings per share. On average, research analysts predict 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.