Squarepoint Ops LLC Invests $1.76 Million in Hillman Solutions Corp. $HLMN

Squarepoint Ops LLC bought a new position in Hillman Solutions Corp. (NASDAQ:HLMN) during the second quarter, according to its most recent filing with the SEC. The firm bought 246,439 shares of the company’s stock, valued at approximately $1,760,000. Squarepoint Ops LLC owned approximately 0.12% of Hillman Solutions as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in Hillman Solutions during the second quarter worth $75,000. Entropy Technologies LP grew its holdings in shares of Hillman Solutions by 17.8% during the second quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock valued at $94,000 after buying an additional 1,977 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Hillman Solutions during the first quarter worth about $103,000. Bayesian Capital Management LP acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth about $104,000. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Hillman Solutions by 18.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,206 shares of the company’s stock worth $109,000 after acquiring an additional 2,328 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

HLMN has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price target on shares of Hillman Solutions in a research note on Monday, November 24th. Stifel Nicolaus raised their target price on Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a report on Friday, August 29th. Wall Street Zen cut Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hillman Solutions presently has an average rating of “Hold” and an average target price of $11.83.

Hillman Solutions Trading Up 1.6%

NASDAQ:HLMN opened at $9.06 on Friday. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $10.64. The firm has a 50-day moving average price of $8.99 and a two-hundred day moving average price of $8.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 2.46. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 47.69 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $424.94 million during the quarter, compared to analyst estimates of $425.00 million. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%. On average, equities analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

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.