Mesirow Financial Investment Management Inc. Sells 10,049 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Mesirow Financial Investment Management Inc. trimmed its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 23.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,462 shares of the company’s stock after selling 10,049 shares during the period. Hillman Solutions makes up approximately 1.8% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 9th largest position. Mesirow Financial Investment Management Inc.’s holdings in Hillman Solutions were worth $356,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HLMN. AXQ Capital LP acquired a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $103,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $108,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Hillman Solutions in the 1st quarter valued at approximately $140,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $129,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $138,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLMN shares. Robert W. Baird raised their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $11.75.

Hillman Solutions Trading Down 0.2 %

NASDAQ HLMN traded down $0.02 during trading hours on Wednesday, reaching $8.76. The company’s stock had a trading volume of 484,800 shares, compared to its average volume of 871,410. The firm has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $9.35. The stock has a market cap of $1.72 billion, a P/E ratio of -878.00 and a beta of 1.66. Hillman Solutions Corp has a 52 week low of $6.02 and a 52 week high of $10.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 0.78.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results 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. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The firm had revenue of $350.31 million during the quarter, compared to analyst estimates of $354.47 million. During the same quarter last year, the business earned $0.06 EPS. The company’s revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Hillman Solutions Corp will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total transaction of $447,000.88. Following the completion of the transaction, the director now owns 197,031 shares in the company, valued at approximately $1,781,160.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Hillman Solutions 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.