The Manufacturers Life Insurance Company Invests $809,000 in Hillman Solutions Corp. $HLMN

The Manufacturers Life Insurance Company acquired a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 95,844 shares of the company’s stock, valued at approximately $809,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in Hillman Solutions by 46.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,094,327 shares of the company’s stock worth $9,105,000 after buying an additional 344,995 shares during the last quarter. UBS Group AG increased its stake in Hillman Solutions by 112.2% during the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after purchasing an additional 1,412,693 shares in the last quarter. Anchor Capital Management Company LLC raised its holdings in shares of Hillman Solutions by 33.1% in the first quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock worth $21,095,000 after buying an additional 630,000 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Hillman Solutions in the second quarter worth $1,421,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Hillman Solutions in the second quarter worth $30,105,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Transactions at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the sale, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This represents a 24.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.30% of the company’s stock.

Hillman Solutions Price Performance

Shares of HLMN opened at $7.68 on Friday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.08 and a beta of 1.38. Hillman Solutions Corp. has a 52 week low of $6.96 and a 52 week high of $10.85. The stock’s 50-day moving average price is $8.21 and its 200-day moving average price is $8.12. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. On average, sell-side analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HLMN shares. Canaccord Genuity Group dropped their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, Barclays lifted their price target on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.67.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.