Hillman Solutions (NASDAQ:HLMN) Shares Gap Down to $10.01

Hillman Solutions Corp (NASDAQ:HLMN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $10.01, but opened at $8.54. Hillman Solutions shares last traded at $9.59, with a volume of 213,933 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on HLMN shares. Barclays raised their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Canaccord Genuity Group boosted their target price on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird increased their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.54.

Hillman Solutions Trading Down 1.2 %

The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $9.92 and a 200-day moving average of $8.85. The firm has a market capitalization of $1.85 billion, a P/E ratio of -191.66 and a beta of 1.73.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $350.31 million during the quarter, compared to the consensus estimate of $354.47 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Analysts anticipate that Hillman Solutions Corp will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In other news, insider Randall J. Fagundo sold 250,546 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the transaction, the insider now directly owns 45,440 shares of the company’s stock, valued at $437,587.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Randall J. Fagundo sold 250,546 shares of Hillman Solutions stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the sale, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary Seeds sold 163,975 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the transaction, the executive vice president now owns 294,722 shares of the company’s stock, valued at approximately $2,808,700.66. The disclosure for this sale can be found here. Insiders have sold 618,658 shares of company stock valued at $5,958,077 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. M&T Bank Corp increased its position in shares of Hillman Solutions by 6.8% during the 4th quarter. M&T Bank Corp now owns 30,804 shares of the company’s stock worth $284,000 after purchasing an additional 1,952 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Hillman Solutions by 22.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company’s stock worth $110,000 after buying an additional 2,407 shares during the last quarter. ProShare Advisors LLC raised its position in Hillman Solutions by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after acquiring an additional 2,762 shares in the last quarter. Amalgamated Bank lifted its stake in Hillman Solutions by 19.7% in the third quarter. Amalgamated Bank now owns 18,322 shares of the company’s stock valued at $151,000 after acquiring an additional 3,020 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its position in shares of Hillman Solutions by 2.1% in the 1st quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock valued at $1,576,000 after acquiring an additional 3,037 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

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.