Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Update

Hillman Solutions Corp (NASDAQ:HLMN) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,440,000 shares, an increase of 21.6% from the October 15th total of 2,830,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 853,000 shares, the short-interest ratio is presently 4.0 days.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN traded down $0.24 during midday trading on Friday, hitting $10.76. The company had a trading volume of 723,399 shares, compared to its average volume of 823,842. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 269.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company has a fifty day moving average of $10.51 and a two-hundred day moving average of $9.74. Hillman Solutions has a 12-month low of $7.05 and a 12-month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. During the same quarter last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on HLMN. Barclays lifted their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group raised their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Hedge Funds Weigh In On Hillman Solutions

Several large investors have recently added to or reduced their stakes in HLMN. Janney Montgomery Scott LLC raised its position in shares of Hillman Solutions by 29.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock valued at $470,000 after purchasing an additional 10,036 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Hillman Solutions during the first quarter valued at about $143,000. SG Americas Securities LLC purchased a new position in shares of Hillman Solutions in the first quarter valued at about $153,000. ProShare Advisors LLC boosted its stake in shares of Hillman Solutions by 8.5% in the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after acquiring an additional 2,762 shares during the period. Finally, Cercano Management LLC grew its position in shares of Hillman Solutions by 21.6% during the first quarter. Cercano Management LLC now owns 1,610,823 shares of the company’s stock worth $17,139,000 after purchasing an additional 286,126 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.