Nordea Investment Management AB Acquires Shares of 474,482 Hillman Solutions Corp (NASDAQ:HLMN)

Nordea Investment Management AB acquired a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 474,482 shares of the company's stock, valued at approximately $4,631,000. Nordea Investment Management AB owned 0.24% of Hillman Solutions as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in shares of Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company's stock valued at $17,013,000 after acquiring an additional 914,151 shares during the period. Dimensional Fund Advisors LP boosted its position in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock valued at $42,134,000 after purchasing an additional 578,042 shares in the last quarter. Reinhart Partners LLC. grew its stake in Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock valued at $79,012,000 after purchasing an additional 503,809 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Hillman Solutions by 460.9% during the second quarter. Renaissance Technologies LLC now owns 326,029 shares of the company's stock valued at $2,885,000 after buying an additional 267,900 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Hillman Solutions by 326.8% during the third quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after buying an additional 233,894 shares during the last quarter. Institutional investors own 98.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HLMN shares. Robert W. Baird boosted their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Benchmark upped their price target on Hillman Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Canaccord Genuity Group raised their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Barclays upped their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Finally, William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.20.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares of the company's stock, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Ride sold 72,523 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the sale, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. The trade was a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN traded down $0.19 during trading on Friday, hitting $9.29. The stock had a trading volume of 1,029,014 shares, compared to its average volume of 886,352. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 232.31 and a beta of 1.68. The stock has a 50-day simple moving average of $10.61 and a two-hundred day simple moving average of $10.10.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The company had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. Hillman Solutions's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. On average, equities research analysts expect that Hillman Solutions Corp will post 0.53 earnings per share 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.