Hillman Solutions Corp (NASDAQ:HLMN) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,419 shares of the company’s stock after purchasing an additional 3,129 shares during the period. Rhumbline Advisers owned 0.16% of Hillman Solutions worth $2,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Hillman Solutions in the first quarter worth approximately $46,000. Institute for Wealth Management LLC. purchased a new position in Hillman Solutions during the second quarter worth approximately $101,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Hillman Solutions in the 1st quarter valued at $140,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hillman Solutions during the 1st quarter valued at $143,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Hillman Solutions during the 1st quarter worth $153,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Up 0.6 %

HLMN stock opened at $10.35 on Thursday. The firm’s 50-day moving average is $9.60 and its two-hundred day moving average is $9.53. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -1,035.00 and a beta of 1.66. Hillman Solutions Corp has a 52 week low of $6.02 and a 52 week high of $10.85. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $379.43 million for the quarter, compared to the consensus estimate of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same quarter in the previous year, the business earned $0.13 EPS. On average, analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.92.

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.