Reinhart Partners LLC. Increases Stake in Hillman Solutions Corp. $HLMN

Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,388,518 shares of the company’s stock after buying an additional 916,986 shares during the period. Hillman Solutions comprises 3.0% of Reinhart Partners LLC.’s portfolio, making the stock its 12th largest holding. Reinhart Partners LLC. owned 5.77% of Hillman Solutions worth $98,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Hillman Solutions in the third quarter worth $59,000. Advisory Services Network LLC purchased a new stake in shares of Hillman Solutions in the third quarter worth $63,000. Lazard Asset Management LLC purchased a new stake in shares of Hillman Solutions in the second quarter worth $75,000. Oak Thistle LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter worth $95,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hillman Solutions in the third quarter worth $96,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $7.30 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95. The firm has a fifty day moving average price of $8.05 and a 200 day moving average price of $8.68. Hillman Solutions Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 1.03 and a beta of 1.42.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The company had revenue of $370.07 million for the quarter, compared to the consensus estimate of $371.73 million. During the same quarter in the prior year, the company posted $0.10 EPS. Hillman Solutions’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the transaction, the insider 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

HLMN has been the subject of a number of analyst reports. Benchmark reduced their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price objective on shares of Hillman Solutions in a research note on Tuesday, March 24th. Finally, Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Hold” and a consensus price target of $12.50.

About Hillman Solutions

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.