57,530 Shares in Hillman Solutions Corp (NASDAQ:HLMN) Acquired by Trust Point Inc.

Trust Point Inc. purchased a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,530 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Hillman Solutions by 88.4% in the 3rd quarter. Creative Planning now owns 27,610 shares of the company’s stock valued at $292,000 after buying an additional 12,957 shares during the period. Reinhart Partners LLC. raised its stake in shares of Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after acquiring an additional 503,809 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Hillman Solutions by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock valued at $593,000 after purchasing an additional 10,300 shares during the period. Sanctuary Advisors LLC acquired a new position in Hillman Solutions during the 2nd quarter worth $257,000. Finally, Algert Global LLC purchased a new stake in shares of Hillman Solutions during the second quarter worth approximately $334,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLMN. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays upped their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $12.08.

Hillman Solutions Price Performance

Shares of HLMN opened at $10.99 on Friday. 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 Corp has a fifty-two week low of $6.02 and a fifty-two week high of $11.15. The firm has a 50-day simple moving average of $9.99 and a 200-day simple moving average of $9.60. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -1,099.00 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The firm had revenue of $379.43 million during the quarter, compared to the consensus estimate of $383.53 million. During the same period last year, the company earned $0.13 earnings per share. On average, equities research analysts anticipate that Hillman Solutions Corp will post 0.52 earnings per share for the current year.

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.