Skylands Capital LLC Cuts Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Skylands Capital LLC cut its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 59.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,350 shares of the company’s stock after selling 71,250 shares during the quarter. Skylands Capital LLC’s holdings in Hillman Solutions were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in Hillman Solutions during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its stake in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares during the period. Quarry LP acquired a new position in shares of Hillman Solutions during the 3rd quarter valued at $43,000. Venturi Wealth Management LLC boosted its position in Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after purchasing an additional 6,500 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Hillman Solutions in the 4th quarter valued at $106,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of recent research reports. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays reduced their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, Robert W. Baird dropped their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.60.

Insider Buying and Selling at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by insiders.

Hillman Solutions Trading Up 1.2 %

Shares of HLMN opened at $10.14 on Tuesday. Hillman Solutions Corp has a one year low of $8.43 and a one year high of $12.08. The stock has a 50-day moving average price of $9.98 and a 200 day moving average price of $10.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a market capitalization of $1.99 billion, a P/E ratio of 126.77 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same quarter last year, the company posted $0.10 earnings per share. Sell-side analysts forecast that Hillman Solutions Corp will post 0.58 EPS for the current fiscal 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.