Telemark Asset Management LLC lifted its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 900,000 shares of the company's stock after purchasing an additional 150,000 shares during the quarter. Telemark Asset Management LLC owned 0.46% of Hillman Solutions worth $8,766,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Hillman Solutions in the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. boosted its stake in Hillman Solutions by 231.7% in the third 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 stake in Hillman Solutions in the third quarter worth approximately $43,000. Venturi Wealth Management LLC boosted its stake in Hillman Solutions by 1,337.4% in the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after buying an additional 5,915 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.
Hillman Solutions Trading Up 1.0 %
HLMN stock traded up $0.09 during midday trading on Friday, hitting $9.25. The company had a trading volume of 868,469 shares, compared to its average volume of 959,544. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08. The stock's 50 day moving average price is $9.90 and its 200 day moving average price is $10.29. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 115.64 and a beta of 1.68.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its 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 business had revenue of $349.56 million for the quarter, compared to the consensus estimate 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 prior year, the company earned $0.10 EPS. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on HLMN shares. Robert W. Baird cut their target price on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Barclays cut their target price on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.60.
Read Our Latest Research Report on Hillman Solutions
About Hillman Solutions
(
Free Report)
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.
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