Riverbridge Partners LLC Has $18.76 Million Stock Position in Hillman Solutions Corp. $HLMN

Riverbridge Partners LLC lessened its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,166,002 shares of the company’s stock after selling 153,132 shares during the period. Riverbridge Partners LLC’s holdings in Hillman Solutions were worth $18,758,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Burgundy Asset Management Ltd. boosted its holdings in shares of Hillman Solutions by 18.0% in the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock worth $79,986,000 after buying an additional 1,712,688 shares during the period. Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions by 4.2% during the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock valued at $96,129,000 after acquiring an additional 418,313 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hillman Solutions by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock valued at $77,829,000 after acquiring an additional 257,953 shares during the period. American Century Companies Inc. lifted its position in shares of Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock valued at $53,408,000 after acquiring an additional 2,972,293 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Hillman Solutions by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,875,009 shares of the company’s stock valued at $34,812,000 after acquiring an additional 52,308 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLMN. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 target price on shares of Hillman Solutions in a report on Tuesday. Benchmark decreased their target price 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.33.

Insider Activity

In other news, insider Amanda Kitzberger sold 11,804 shares of the business’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 transaction, the insider directly owned 72,605 shares in the company, valued at $601,895.45. The trade was a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.90% of the stock is owned by company insiders.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $8.32 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.62, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The company has a 50 day simple moving average of $9.02 and a 200-day simple moving average of $9.11. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $365.14 million for the quarter, compared to the consensus estimate of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities research analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Hillman Solutions 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.