Cornercap Investment Counsel Inc. Cuts Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Cornercap Investment Counsel Inc. reduced its position in Hillman Solutions Corp (NASDAQ:HLMN) by 51.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,664 shares of the company’s stock after selling 68,081 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Hillman Solutions were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLMN. ProShare Advisors LLC boosted its stake in shares of Hillman Solutions by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after purchasing an additional 2,762 shares during the period. Rhumbline Advisers increased its holdings in Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after buying an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after acquiring an additional 3,299 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after buying an additional 4,473 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Hillman Solutions by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock valued at $892,000 after acquiring an additional 4,581 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $10.76 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 269.00 and a beta of 1.65. Hillman Solutions Corp has a 52 week low of $7.05 and a 52 week high of $12.08. The firm has a 50-day simple moving average of $10.51 and a 200-day simple moving average of $9.74. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HLMN. Robert W. Baird raised their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays upped their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have given 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 $13.60.

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.