19,823 Shares in Hillman Solutions Corp (NASDAQ:HLMN) Acquired by Spouting Rock Asset Management LLC

Spouting Rock Asset Management LLC acquired a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,823 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also made changes to their positions in HLMN. Advisor Group Holdings Inc. increased its stake in Hillman Solutions by 96.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,322 shares of the company’s stock worth $26,000 after acquiring an additional 1,143 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Hillman Solutions during the 3rd quarter valued at about $30,000. CWM LLC acquired a new position in shares of Hillman Solutions in the fourth quarter valued at about $83,000. CIBC Asset Management Inc acquired a new position in shares of Hillman Solutions in the fourth quarter valued at about $112,000. Finally, Caption Management LLC acquired a new stake in Hillman Solutions during the third quarter worth about $143,000.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Hillman Solutions from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Barclays began coverage on Hillman Solutions in a research note on Friday, April 22nd. They issued an “overweight” rating and a $15.00 price objective for the company. Finally, Raymond James decreased their price target on Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, March 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.69.

In other Hillman Solutions news, insider Randall J. Fagundo purchased 9,400 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of $10.55 per share, for a total transaction of $99,170.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas Cahill purchased 94,786 shares of Hillman Solutions stock in a transaction on Monday, March 7th. The stock was bought at an average price of $10.60 per share, for a total transaction of $1,004,731.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 171,186 shares of company stock valued at $1,799,302 over the last three months.

Shares of HLMN stock traded up $0.51 during mid-day trading on Thursday, reaching $10.90. The stock had a trading volume of 1,148,940 shares, compared to its average volume of 1,045,833. The company has a quick ratio of 0.49, a current ratio of 2.48 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.12 billion, a PE ratio of -5.22 and a beta of 0.85. Hillman Solutions Corp has a one year low of $8.12 and a one year high of $13.46. The firm’s 50 day simple moving average is $11.19 and its 200 day simple moving average is $10.41.

Hillman Solutions (NASDAQ:HLMN – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $363.01 million for the quarter, compared to analyst estimates of $363.00 million. During the same period last year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Hillman Solutions Corp will post 0.23 earnings per share for the current fiscal year.

Hillman Solutions Profile (Get Rating)

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.

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