WCM Investment Management LLC decreased its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,183,020 shares of the company's stock after selling 92,817 shares during the period. WCM Investment Management LLC owned approximately 1.62% of Hillman Solutions worth $30,843,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HLMN. First Horizon Advisors Inc. lifted 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 acquiring an additional 2,317 shares during the period. R Squared Ltd purchased a new stake in shares of Hillman Solutions in the 4th quarter worth about $32,000. Quarry LP purchased a new stake in shares of Hillman Solutions in the 3rd quarter worth about $43,000. The Manufacturers Life Insurance Company grew its position in shares of Hillman Solutions by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company's stock worth $892,000 after buying an additional 4,581 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of Hillman Solutions by 20.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company's stock worth $357,000 after purchasing an additional 5,273 shares during the last quarter. Institutional investors own 98.11% of the company's stock.
Insider Transactions at Hillman Solutions
In other news, insider Scott Ride sold 72,523 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction on Friday, December 6th. The shares were 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 owns 55,811 shares in the company, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.
Hillman Solutions Trading Down 0.9 %
HLMN traded down $0.09 during trading hours on Wednesday, reaching $10.05. 1,132,125 shares of the company's stock traded hands, compared to its average volume of 746,644. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The firm has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.24. The firm has a market capitalization of $1.98 billion, a PE ratio of 251.31 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group raised their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Barclays decreased their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Benchmark lifted their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Robert W. Baird upped their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Finally, William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.
Check Out Our Latest Analysis on Hillman Solutions
Hillman Solutions Profile
(
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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