Ballast Asset Management LP Purchases Shares of 377,510 Hillman Solutions Corp (NASDAQ:HLMN)

Ballast Asset Management LP purchased a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 377,510 shares of the company’s stock, valued at approximately $3,677,000. Hillman Solutions comprises approximately 1.9% of Ballast Asset Management LP’s portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its position in Hillman Solutions by 629.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company’s stock worth $5,155,000 after purchasing an additional 456,666 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after buying an additional 509,016 shares during the period. LPL Financial LLC lifted its stake in shares of Hillman Solutions by 35.5% in the 4th quarter. LPL Financial LLC now owns 195,187 shares of the company’s stock valued at $1,901,000 after acquiring an additional 51,085 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in Hillman Solutions by 198.5% during the 4th quarter. Fox Run Management L.L.C. now owns 37,874 shares of the company’s stock valued at $369,000 after acquiring an additional 25,185 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Hillman Solutions during the 4th quarter worth approximately $409,000. 98.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.79 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $9.73 and its 200 day simple moving average is $10.23. The stock has a market cap of $1.73 billion, a P/E ratio of 109.89 and a beta of 1.68. Hillman Solutions Corp has a twelve month low of $8.43 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same period in the previous year, the firm posted $0.10 EPS. As a group, research analysts predict that Hillman Solutions Corp will post 0.58 EPS 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.