Insider Selling: Hillman Solutions Corp (NASDAQ:HLMN) Director Sells $221,129.22 in Stock

Hillman Solutions Corp (NASDAQ:HLMN) Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated 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 directly owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hillman Solutions Stock Performance

HLMN opened at $11.19 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a fifty-two week low of $7.58 and a fifty-two week high of $12.08. The firm has a market cap of $2.20 billion, a PE ratio of 279.82 and a beta of 1.65. The business has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $9.92.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLMN has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays raised their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently made changes to their positions in HLMN. Allspring Global Investments Holdings LLC grew its stake in shares of Hillman Solutions by 158.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock valued at $62,518,000 after buying an additional 4,336,039 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after buying an additional 914,151 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after acquiring an additional 578,042 shares during the period. Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after purchasing an additional 503,809 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its position in shares of Hillman Solutions by 3.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock worth $85,125,000 after acquiring an additional 328,740 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Company 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.