Skylands Capital LLC Sells 71,250 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Skylands Capital LLC lowered its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 59.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,350 shares of the company's stock after selling 71,250 shares during the quarter. Skylands Capital LLC's holdings in Hillman Solutions were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HLMN. R Squared Ltd bought a new stake in shares of Hillman Solutions in the 4th quarter worth $32,000. First Horizon Advisors Inc. increased its holdings in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock worth $35,000 after buying an additional 2,317 shares in the last quarter. Quarry LP purchased a new position in Hillman Solutions in the 3rd quarter worth about $43,000. Venturi Wealth Management LLC lifted its stake in Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after acquiring an additional 6,500 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Hillman Solutions during the 4th quarter valued at about $106,000. Institutional investors own 98.11% of the company's stock.

Insider Activity

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions 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 sale, the director now owns 55,811 shares of the company's stock, valued at $623,966.98. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 5.10% of the company's stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded down $0.09 during midday trading on Friday, reaching $9.76. The stock had a trading volume of 1,448,372 shares, compared to its average volume of 917,853. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The stock has a 50-day moving average of $9.97 and a 200-day moving average of $10.28. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 122.02 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter in the previous year, the company earned $0.10 earnings per share. As a group, research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HLMN. Robert W. Baird dropped their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. 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, Barclays reduced their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

Hillman Solutions 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.