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

Shares of Hillman Solutions Corp (NASDAQ:HLMN) gapped down prior to trading 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

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Finally, Barclays increased their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.63.

Hillman Solutions Stock Performance

The company has a market cap of $1.86 billion, a PE ratio of -187.76 and a beta of 1.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The stock’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $8.82.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $347.81 million for the quarter, compared to analyst estimates of $344.98 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. As a group, equities analysts anticipate that Hillman Solutions Corp will post 0.49 EPS for the current year.

Insider Transactions at Hillman Solutions

In related news, EVP Gary Seeds sold 163,975 shares of the company’s 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 $2,808,700.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hillman Solutions news, EVP Gary Seeds sold 163,975 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were 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 directly owns 294,722 shares in the company, valued at $2,808,700.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $2,412,757.98. Following the sale, the insider now owns 45,440 shares of the company’s stock, valued at $437,587.20. The disclosure for this sale can be found here. In the last three months, insiders sold 618,658 shares of company stock valued at $5,958,077. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLMN. SG Americas Securities LLC acquired a new position in Hillman Solutions during the third quarter worth about $200,000. Raymond James Financial Services Advisors Inc. lifted its stake in Hillman Solutions by 22.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company’s stock valued at $110,000 after buying an additional 2,407 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Hillman Solutions by 9.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 789,242 shares of the company’s stock valued at $6,511,000 after buying an additional 70,573 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in Hillman Solutions by 0.5% during the third quarter. Punch & Associates Investment Management Inc. now owns 1,460,342 shares of the company’s stock worth $12,048,000 after buying an additional 7,615 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Hillman Solutions by 1.2% in the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 1,004,287 shares of the company’s stock worth $8,285,000 after acquiring an additional 11,892 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company 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.