Short Interest in Hillman Solutions Corp (NASDAQ:HLMN) Rises By 21.6%

Hillman Solutions Corp (NASDAQ:HLMN) was the recipient of a significant increase in short interest during 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. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 853,000 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Trading of Hillman Solutions

A number of institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. increased its holdings in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares in the last quarter. ProShare Advisors LLC increased its stake in Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock valued at $373,000 after purchasing an additional 2,762 shares in the last quarter. Rhumbline Advisers raised its holdings in Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after purchasing an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hillman Solutions by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Quarry LP acquired a new stake in Hillman Solutions in the third quarter valued at $43,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

Shares of HLMN stock traded down $0.24 during mid-day trading on Friday, hitting $10.76. The stock had a trading volume of 723,399 shares, compared to its average volume of 823,842. The firm has a market cap of $2.11 billion, a PE ratio of 269.07 and a beta of 1.65. The company’s 50-day simple moving average is $10.51 and its 200-day simple moving average is $9.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions has a fifty-two week low of $7.05 and a fifty-two week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays upped their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.60.

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.