Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC lowered its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,316,794 shares of the company's stock after selling 162,522 shares during the period. Penn Capital Management Company LLC owned approximately 0.67% of Hillman Solutions worth $12,826,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HLMN. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter valued at about $17,290,000. MGO One Seven LLC grew its position in shares of Hillman Solutions by 38.8% during the fourth quarter. MGO One Seven LLC now owns 43,826 shares of the company's stock worth $427,000 after acquiring an additional 12,240 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Hillman Solutions by 25.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 353,265 shares of the company's stock valued at $3,442,000 after acquiring an additional 72,569 shares during the period. Susquehanna International Group LLP increased its holdings in shares of Hillman Solutions by 126.2% in the 4th quarter. Susquehanna International Group LLP now owns 386,912 shares of the company's stock valued at $3,769,000 after acquiring an additional 215,838 shares during the period. Finally, ClearAlpha Technologies LP purchased a new stake in Hillman Solutions in the 4th quarter valued at $116,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Barclays decreased their price objective on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note 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. Finally, Robert W. Baird reissued a "neutral" rating and issued a $9.00 price objective (down from $12.00) on shares of Hillman Solutions in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.50.

Hillman Solutions Price Performance

HLMN stock traded down $0.10 on Monday, reaching $7.57. 1,778,223 shares of the company's stock were exchanged, compared to its average volume of 990,378. The stock has a fifty day moving average of $8.74 and a 200-day moving average of $9.87. The firm has a market cap of $1.49 billion, a PE ratio of 94.64 and a beta of 1.67. 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 twelve month low of $6.60 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $349.56 million during the quarter, compared to analysts' expectations of $350.45 million. During the same quarter in the prior year, the business earned $0.10 EPS. As a group, equities analysts predict 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.