Short Interest in Hillman Solutions Corp (NASDAQ:HLMN) Rises By 14.6%

Hillman Solutions Corp (NASDAQ:HLMN) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 3,300,000 shares, a growth of 14.6% from the June 15th total of 2,880,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 805,000 shares, the days-to-cover ratio is presently 4.1 days.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN traded up $0.01 during trading on Wednesday, hitting $9.89. 994,831 shares of the stock traded hands, compared to its average volume of 884,878. The company has a quick ratio of 0.78, a current ratio of 2.49 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -988.01 and a beta of 1.66. The company has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $9.35. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The firm had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts predict that Hillman Solutions will post 0.45 EPS for the current year.

Insiders Place Their Bets

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total transaction of $447,000.88. Following the completion of the transaction, the director now directly owns 197,031 shares of the company’s stock, valued at approximately $1,781,160.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in Hillman Solutions during the 1st quarter worth $46,000. Counterpoint Mutual Funds LLC acquired a new stake in Hillman Solutions during the 1st quarter worth $140,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Hillman Solutions during the 1st quarter worth $143,000. SG Americas Securities LLC acquired a new position in shares of Hillman Solutions during the 1st quarter valued at about $153,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Hillman Solutions during the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HLMN shares. Barclays reduced their price target on shares of Hillman Solutions from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Robert W. Baird lifted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 target price (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.58.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.