Kayne Anderson Rudnick Investment Management LLC Decreases Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Kayne Anderson Rudnick Investment Management LLC reduced its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,805,292 shares of the company’s stock after selling 428,487 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.55% of Hillman Solutions worth $131,027,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Hillman Solutions by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock worth $177,455,000 after purchasing an additional 110,730 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Hillman Solutions by 3.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock valued at $85,125,000 after buying an additional 328,740 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after buying an additional 225,480 shares during the period. Allspring Global Investments Holdings LLC raised its position in Hillman Solutions by 158.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after buying an additional 4,336,039 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 6,978,392 shares of the company’s stock worth $61,759,000 after acquiring an additional 58,387 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

HLMN stock opened at $10.62 on Friday. The firm has a 50 day moving average of $9.66 and a 200-day moving average of $9.55. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -1,062.00 and a beta of 1.66. Hillman Solutions Corp has a 12-month low of $6.02 and a 12-month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results 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. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The company had revenue of $379.43 million for the quarter, compared to the consensus estimate of $383.53 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, equities analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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