Conestoga Capital Advisors LLC Sells 1,079,779 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Conestoga Capital Advisors LLC decreased its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,538,874 shares of the company’s stock after selling 1,079,779 shares during the period. Conestoga Capital Advisors LLC owned approximately 4.36% of Hillman Solutions worth $90,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new stake in Hillman Solutions during the second quarter valued at approximately $57,000. Benjamin F. Edwards & Company Inc. grew its stake in 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 buying an additional 4,473 shares during the last quarter. Institute for Wealth Management LLC. acquired a new position in Hillman Solutions during the 2nd quarter valued at about $101,000. Stratos Wealth Advisors LLC purchased a new stake in Hillman Solutions in the third quarter valued at about $132,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Hillman Solutions in the first quarter worth about $143,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded up $0.13 during trading on Friday, hitting $10.73. 109,295 shares of the company’s stock were exchanged, compared to its average volume of 882,822. Hillman Solutions Corp has a 52-week low of $6.02 and a 52-week high of $11.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 359.12 and a beta of 1.66. The business has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $9.63.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $379.43 million for the quarter, compared to analyst estimates of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same quarter last year, the firm posted $0.13 EPS. On average, research analysts forecast that Hillman Solutions Corp will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HLMN shares. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Canaccord Genuity Group lifted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays upped their target price on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.08.

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.