Bridges Investment Management Inc. Acquires Shares of 35,264 Hillman Solutions Corp (NASDAQ:HLMN)

Bridges Investment Management Inc. bought a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,264 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in Hillman Solutions during the 1st quarter valued at about $46,000. Canada Pension Plan Investment Board purchased a new stake in shares of Hillman Solutions in the second quarter valued at approximately $57,000. Institute for Wealth Management LLC. acquired a new stake in shares of Hillman Solutions in the second quarter valued at approximately $101,000. Counterpoint Mutual Funds LLC purchased a new position in Hillman Solutions during the first quarter worth approximately $140,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Hillman Solutions during the first quarter worth $143,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Trading Down 0.4 %

Shares of HLMN opened at $10.62 on Monday. 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 Corp has a 12-month low of $6.02 and a 12-month high of $10.85. The firm has a 50-day moving average price of $9.69 and a 200 day moving average price of $9.55. The firm has a market capitalization of $2.08 billion, a P/E ratio of -1,062.00 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $379.43 million during the quarter, compared to analyst estimates of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same quarter last year, the firm posted $0.13 earnings per share. Sell-side analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HLMN. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays upped their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.