Wellington Management Group LLP Lowers Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Wellington Management Group LLP decreased its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,330,236 shares of the company's stock after selling 1,411,911 shares during the quarter. Wellington Management Group LLP owned approximately 1.19% of Hillman Solutions worth $22,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HLMN. R Squared Ltd purchased a new position in Hillman Solutions in the fourth quarter worth approximately $32,000. Quarry LP acquired a new position in shares of Hillman Solutions in the 3rd quarter valued at $43,000. Venturi Wealth Management LLC grew its holdings in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after purchasing an additional 6,500 shares during the period. Jones Financial Companies Lllp increased its position in shares of Hillman Solutions by 285.7% during the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after purchasing an additional 5,915 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Hillman Solutions in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Stock Up 2.0 %

HLMN traded up $0.15 during trading hours on Friday, hitting $7.71. 1,625,330 shares of the company's stock were exchanged, compared to its average volume of 948,585. 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 12-month low of $7.24 and a 12-month high of $12.08. The firm has a market cap of $1.52 billion, a P/E ratio of 96.39 and a beta of 1.67. The firm has a 50 day moving average of $9.25 and a 200 day moving average of $10.05.

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

Analyst Ratings Changes

Several brokerages have weighed in on HLMN. Barclays lowered their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday. Robert W. Baird dropped their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company 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 research report on Wednesday, February 19th. Finally, William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.25.

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.