Victory Capital Management Inc. Sells 22,258 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Victory Capital Management Inc. reduced its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 36.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,933 shares of the company’s stock after selling 22,258 shares during the period. Victory Capital Management Inc.’s holdings in Hillman Solutions were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after purchasing an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after purchasing an additional 3,299 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after acquiring an additional 4,473 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Hillman Solutions by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after acquiring an additional 4,581 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Hillman Solutions by 0.8% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 717,087 shares of the company’s stock worth $6,346,000 after acquiring an additional 5,400 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

HLMN opened at $11.40 on Friday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 285.07 and a beta of 1.65. Hillman Solutions Corp has a 52-week low of $7.15 and a 52-week high of $12.08. The firm’s fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $9.82.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. Equities analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of Hillman Solutions 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 transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.