Renaissance Technologies LLC Grows Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Renaissance Technologies LLC raised its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 162.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465,129 shares of the company's stock after purchasing an additional 288,000 shares during the period. Renaissance Technologies LLC owned approximately 0.24% of Hillman Solutions worth $4,530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in shares of Hillman Solutions during the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in Hillman Solutions during the 4th quarter valued at approximately $32,000. Venturi Wealth Management LLC lifted its holdings in Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after buying an additional 6,500 shares during the period. Jones Financial Companies Lllp increased its position in Hillman Solutions by 285.7% during the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after purchasing an additional 5,915 shares during the period. Finally, Entropy Technologies LP purchased a new position in Hillman Solutions during the 4th quarter valued at $106,000. Institutional investors own 98.11% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLMN. Barclays cut their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Benchmark reissued a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird restated a "neutral" rating and set a $9.00 price target (down from $12.00) on shares of Hillman Solutions in a research report on Wednesday, April 16th. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.50.

Hillman Solutions Stock Up 0.1 %

Shares of HLMN stock traded up $0.01 during trading hours on Friday, hitting $7.67. 788,699 shares of the company's stock traded hands, compared to its average volume of 986,326. The stock's fifty day simple moving average is $8.79 and its two-hundred day simple moving average is $9.88. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 95.95 and a beta of 1.67. Hillman Solutions Corp has a 12-month low of $7.24 and a 12-month high of $12.08. 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 (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same quarter in the previous year, the company earned $0.10 EPS. On average, analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current 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.