Clal Insurance Enterprises Holdings Ltd Lowers Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Clal Insurance Enterprises Holdings Ltd cut its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 91.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after selling 2,279,392 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 0.10% of Hillman Solutions worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HLMN. Conestoga Capital Advisors LLC lifted its holdings in shares of Hillman Solutions by 3.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock worth $85,125,000 after acquiring an additional 328,740 shares during the period. Burgundy Asset Management Ltd. raised its stake in Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after purchasing an additional 225,480 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after purchasing an additional 503,809 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Hillman Solutions by 1.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after buying an additional 93,759 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after buying an additional 578,042 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLMN has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays lifted their price objective on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Price Performance

HLMN stock opened at $11.28 on Friday. The stock has a 50-day simple moving average of $10.64 and a 200-day simple moving average of $9.78. The firm has a market cap of $2.22 billion, a P/E ratio of 282.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a 1 year low of $7.06 and a 1 year high of $12.08.

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

Insider Buying and Selling

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares in the company, valued at $750,133.54. This trade represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

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.