Hillman Solutions Corp. $HLMN Shares Bought by Skylands Capital LLC

Skylands Capital LLC grew its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 15.4% during the third quarter, HoldingsChannel reports. The firm owned 664,200 shares of the company’s stock after purchasing an additional 88,400 shares during the quarter. Skylands Capital LLC’s holdings in Hillman Solutions were worth $4,643,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Hillman Solutions in the second quarter valued at $125,138,000. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after purchasing an additional 870,216 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Hillman Solutions during the second quarter worth about $67,324,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hillman Solutions during the second quarter worth about $30,105,000. Finally, Anchor Capital Management Company LLC lifted its position in Hillman Solutions by 33.1% during the first quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock worth $21,095,000 after buying an additional 630,000 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Transactions at Hillman Solutions

In other news, insider Aaron Parker sold 17,381 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amanda Kitzberger sold 13,750 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total value of $99,687.50. Following the sale, the insider owned 58,855 shares of the company’s stock, valued at $426,698.75. The trade was a 18.94% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.30% of the company’s stock.

Hillman Solutions Trading Up 0.3%

Shares of HLMN opened at $7.26 on Thursday. 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 firm has a market capitalization of $1.41 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42. The stock’s fifty day simple moving average is $7.48 and its 200 day simple moving average is $7.85. Hillman Solutions Corp. has a twelve month low of $6.66 and a twelve month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. The firm had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. On average, equities research analysts forecast that Hillman Solutions Corp. will post 0.60 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on HLMN. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. Raymond James Financial downgraded shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a research note on Thursday, October 1st. Canaccord Genuity Group cut their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Finally, Barclays raised their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $12.67.

Hillman Solutions Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.