Wellington Management Group LLP Sells 353,952 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Wellington Management Group LLP reduced its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,742,147 shares of the company's stock after selling 353,952 shares during the period. Wellington Management Group LLP owned about 1.91% of Hillman Solutions worth $39,517,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in Hillman Solutions by 231.7% during the 3rd 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. Quarry LP purchased a new stake in shares of Hillman Solutions in the third quarter worth approximately $43,000. Canada Pension Plan Investment Board acquired a new stake in shares of Hillman Solutions during the second quarter worth approximately $57,000. Benjamin F. Edwards & Company Inc. grew its position in Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock valued at $78,000 after purchasing an additional 4,473 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in Hillman Solutions in the 2nd quarter valued at approximately $101,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HLMN shares. Barclays boosted their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Canaccord Genuity Group boosted their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their price objective 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.60.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded down $0.27 during midday trading on Thursday, hitting $10.99. The company had a trading volume of 280,703 shares, compared to its average volume of 876,961. Hillman Solutions Corp has a 1-year low of $7.58 and a 1-year high of $12.08. The business's 50 day simple moving average is $10.86 and its two-hundred day simple moving average is $9.94. The stock has a market cap of $2.16 billion, a PE ratio of 281.50 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, equities analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now directly owns 70,369 shares of the company's stock, valued at $750,133.54. This trade represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of the 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 in the company, valued at approximately $623,966.98. This trade 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.

About Hillman Solutions

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.