Quantinno Capital Management LP Increases Stock Position in Hillman Solutions Corp. $HLMN

Quantinno Capital Management LP boosted its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 114.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,961 shares of the company’s stock after purchasing an additional 77,926 shares during the period. Quantinno Capital Management LP owned approximately 0.07% of Hillman Solutions worth $1,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reinhart Partners LLC. lifted its holdings in Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after buying an additional 916,986 shares in the last quarter. Bank of Montreal Can boosted its position in Hillman Solutions by 71,052.9% in the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after buying an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after acquiring an additional 870,216 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Hillman Solutions by 4.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock valued at $49,487,000 after acquiring an additional 230,580 shares in the last quarter. Finally, State Street Corp increased its position in shares of Hillman Solutions by 0.7% during the fourth quarter. State Street Corp now owns 4,313,518 shares of the company’s stock worth $37,355,000 after acquiring an additional 28,735 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $8.70 on Friday. The firm has a market cap of $1.69 billion, a P/E ratio of 39.55, a P/E/G ratio of 1.23 and a beta of 1.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. Hillman Solutions Corp. has a 1-year low of $6.96 and a 1-year high of $10.85. The firm has a fifty day moving average of $8.16 and a two-hundred day moving average of $8.33.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. As a group, research analysts anticipate that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group dropped 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. Finally, Barclays lifted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.50.

About Hillman Solutions

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.