Algert Global LLC Acquires New Shares in Hillman Solutions Corp (NASDAQ:HLMN)

Algert Global LLC bought a new position in Hillman Solutions Corp (NASDAQ:HLMN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 37,790 shares of the company’s stock, valued at approximately $334,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Hillman Solutions by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock valued at $177,455,000 after buying an additional 110,730 shares during the period. Conestoga Capital Advisors LLC increased 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 acquiring an additional 328,740 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after acquiring an additional 225,480 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hillman Solutions by 158.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after purchasing an additional 4,336,039 shares during the period. Finally, Reinhart Partners LLC. grew its stake in shares of Hillman Solutions by 0.8% in the second quarter. Reinhart Partners LLC. now owns 6,978,392 shares of the company’s stock worth $61,759,000 after purchasing an additional 58,387 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Performance

HLMN stock opened at $9.89 on Wednesday. The firm has a market cap of $1.94 billion, a PE ratio of -989.00 and a beta of 1.66. 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 stock has a 50-day moving average price of $9.84 and a 200-day moving average price of $9.59. Hillman Solutions Corp has a 1-year low of $6.02 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $379.43 million during 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 period in the previous year, the company posted $0.13 earnings per share. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on HLMN shares. Barclays raised their target price 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. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $11.92.

Hillman Solutions 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.