Hillman Solutions Corp (NASDAQ:HLMN) Sees Large Growth in Short Interest

Hillman Solutions Corp (NASDAQ:HLMN) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,550,000 shares, a growth of 6.9% from the September 15th total of 3,320,000 shares. Based on an average daily volume of 972,700 shares, the short-interest ratio is presently 3.6 days. Currently, 1.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Hillman Solutions

Several large investors have recently bought and sold shares of the business. Creative Planning increased its holdings in Hillman Solutions by 88.4% in the third 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 last quarter. Reinhart Partners LLC. increased its holdings in 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 buying an additional 503,809 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Hillman Solutions by 22.4% during the third quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock worth $593,000 after purchasing an additional 10,300 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Hillman Solutions during the second quarter worth about $257,000. Finally, Algert Global LLC purchased a new position in shares of Hillman Solutions during the second quarter worth about $334,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

HLMN has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays increased their price objective on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group increased their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.08.

Hillman Solutions Stock Down 0.5 %

Shares of NASDAQ HLMN traded down $0.06 during mid-day trading on Thursday, hitting $10.90. The company had a trading volume of 79,135 shares, compared to its average volume of 896,342. The company has a market capitalization of $2.14 billion, a PE ratio of -1,096.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $10.98. The business’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $9.59.

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

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.