Insider Selling: Hillman Solutions Corp (NASDAQ:HLMN) Insider Sells 72,523 Shares of Stock

Hillman Solutions Corp (NASDAQ:HLMN) insider Scott Ride sold 72,523 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hillman Solutions Trading Up 3.1 %

Shares of HLMN opened at $11.12 on Friday. Hillman Solutions Corp has a twelve month low of $7.06 and a twelve month high of $12.08. The firm has a market capitalization of $2.19 billion, a P/E ratio of 277.94 and a beta of 1.65. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $10.61 and its 200 day simple moving average is $9.77.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Barclays increased their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and an average price target of $13.60.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors have recently bought and sold shares of HLMN. Conestoga Capital Advisors LLC lifted its holdings in shares of Hillman Solutions by 3.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock valued at $85,125,000 after acquiring an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Hillman Solutions by 2.7% in the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after purchasing an additional 225,480 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after purchasing an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after buying an additional 93,759 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Hillman Solutions by 4.8% in the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock valued at $51,155,000 after buying an additional 218,982 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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.