Oppenheimer Asset Management Inc. Takes Position in Hillman Solutions Corp. $HLMN

Oppenheimer Asset Management Inc. purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 101,251 shares of the company’s stock, valued at approximately $855,000. Oppenheimer Asset Management Inc. owned 0.05% of Hillman Solutions as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Hillman Solutions by 80.5% during the first quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock valued at $484,000 after purchasing an additional 24,581 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hillman Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock worth $1,028,000 after purchasing an additional 5,104 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hillman Solutions by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock worth $3,463,000 after purchasing an additional 21,619 shares during the last quarter. Jane Street Group LLC raised its position in shares of Hillman Solutions by 334.9% during the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock worth $2,623,000 after purchasing an additional 229,815 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Hillman Solutions by 72.0% in the 2nd quarter. Prudential Financial Inc. now owns 26,145 shares of the company’s stock valued at $187,000 after buying an additional 10,940 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.82 on Tuesday. The company’s 50-day moving average price is $8.19 and its 200-day moving average price is $8.31. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.72 billion, a P/E ratio of 40.09, a P/E/G ratio of 1.22 and a beta of 1.39. Hillman Solutions Corp. has a twelve month low of $6.96 and a twelve month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. On average, sell-side analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

HLMN has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Barclays raised their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50.

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.