Sanctuary Advisors LLC Increases Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Sanctuary Advisors LLC lifted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,653 shares of the company’s stock after buying an additional 5,273 shares during the period. Sanctuary Advisors LLC’s holdings in Hillman Solutions were worth $357,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. WCM Investment Management LLC boosted its position in Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after purchasing an additional 49,306 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Hillman Solutions by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after purchasing an additional 70,861 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after purchasing an additional 914,151 shares during the last quarter. Atria Investments Inc boosted its position in Hillman Solutions by 24.5% in the third quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock worth $799,000 after purchasing an additional 14,904 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted 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 worth $75,363,000 after purchasing an additional 225,480 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Buying and Selling

In related news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares in the company, valued at $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $9.80 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 245.06 and a beta of 1.65. The business’s fifty day moving average is $10.82 and its 200 day moving average is $10.03.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company 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 firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on HLMN shares. Barclays boosted their price objective 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. Robert W. Baird boosted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark boosted their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.20.

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.