Kennedy Capital Management LLC Reduces Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Kennedy Capital Management LLC cut its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 14.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 878,247 shares of the company’s stock after selling 145,499 shares during the quarter. Kennedy Capital Management LLC’s holdings in Hillman Solutions were worth $9,345,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Hillman Solutions by 74.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,324,724 shares of the company’s stock valued at $30,622,000 after purchasing an additional 1,421,625 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new position in shares of Hillman Solutions in the fourth quarter worth $1,211,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $208,000. Invenomic Capital Management LP acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $2,717,000. Finally, Vanguard Group Inc. grew its holdings in shares of Hillman Solutions by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock valued at $177,455,000 after buying an additional 110,730 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of the stock in a transaction 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 transaction, the director now directly owns 197,031 shares of the company’s stock, valued at $1,781,160.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Hillman Solutions Stock Performance

HLMN stock traded up $0.16 during trading on Tuesday, hitting $10.10. 942,572 shares of the company traded hands, compared to its average volume of 885,974. Hillman Solutions Corp has a 1 year low of $6.02 and a 1 year high of $10.85. The company has a market cap of $1.98 billion, a PE ratio of -1,005.00 and a beta of 1.66. The stock’s 50-day simple moving average is $9.09 and its 200 day simple moving average is $9.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 0.78.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $354.47 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Hillman Solutions Corp will post 0.45 earnings per share for the current fiscal year.

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.