GSA Capital Partners LLP Buys Shares of 100,190 Hillman Solutions Corp. $HLMN

GSA Capital Partners LLP bought a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,190 shares of the company’s stock, valued at approximately $868,000.

A number of other hedge funds have also made changes to their positions in HLMN. Brown Brothers Harriman & Co. acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $59,000. Advisory Services Network LLC acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $63,000. Lazard Asset Management LLC acquired a new position in shares of Hillman Solutions during the second quarter valued at approximately $75,000. QRG Capital Management Inc. acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $95,000. Finally, Oak Thistle LLC acquired a new position in shares of Hillman Solutions during the fourth quarter valued at approximately $95,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th. Benchmark dropped their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.50.

Insider Activity

In related news, insider Amanda Kitzberger sold 11,804 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $97,855.16. Following the completion of the transaction, the insider directly owned 72,605 shares in the company, valued at approximately $601,895.45. This represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by company insiders.

Hillman Solutions Price Performance

HLMN stock opened at $7.36 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82. The business has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $8.74. The firm has a market capitalization of $1.44 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.47. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $370.07 million during the quarter, compared to analysts’ expectations of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. Hillman Solutions’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. Equities research analysts anticipate that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.