Short Interest in Hillman Solutions Corp (NASDAQ:HLMN) Drops By 15.4%

Hillman Solutions Corp (NASDAQ:HLMN) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 4,350,000 shares, a decrease of 15.4% from the July 31st total of 5,140,000 shares. Based on an average daily trading volume, of 917,800 shares, the days-to-cover ratio is currently 4.7 days. Currently, 2.2% of the shares of the company are sold short.

Hillman Solutions Stock Up 2.1 %

Shares of HLMN stock traded up $0.20 during trading on Monday, hitting $9.95. 1,076,200 shares of the company were exchanged, compared to its average volume of 907,517. The business’s 50-day simple moving average is $9.37 and its 200 day simple moving average is $9.50. Hillman Solutions has a twelve month low of $6.02 and a twelve month high of $10.85. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -995.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The business had revenue of $379.43 million for the quarter, compared to the consensus estimate of $383.53 million. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, analysts forecast that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp raised its holdings in Hillman Solutions by 6.8% during the fourth quarter. M&T Bank Corp now owns 30,804 shares of the company’s stock valued at $284,000 after buying an additional 1,952 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after purchasing an additional 2,762 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in Hillman Solutions by 2.1% during the first quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock valued at $1,576,000 after purchasing an additional 3,037 shares during the last quarter. Rhumbline Advisers raised its position in shares of Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after purchasing an additional 3,129 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hillman Solutions by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after buying an additional 3,299 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLMN. Robert W. Baird lifted their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Barclays lifted their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.92.

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.