Congruence Capital LLC Invests $6.44 Million in Hillman Solutions Corp. $HLMN

Congruence Capital LLC purchased a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 743,249 shares of the company’s stock, valued at approximately $6,437,000. Hillman Solutions makes up about 2.4% of Congruence Capital LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLMN. Kestra Advisory Services LLC bought a new position in shares of Hillman Solutions during the fourth quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in Hillman Solutions in the 4th quarter valued at $37,000. Brown Brothers Harriman & Co. bought a new stake in Hillman Solutions in the 3rd quarter valued at $59,000. Advisory Services Network LLC bought a new stake in Hillman Solutions in the 3rd quarter valued at $63,000. Finally, Quadrant Capital Group LLC bought a new stake in Hillman Solutions in the 4th quarter valued at $74,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Up 0.1%

Shares of HLMN stock opened at $7.72 on Friday. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $10.85. The firm’s fifty day moving average price is $7.91 and its two-hundred day moving average price is $8.62. The firm has a market capitalization of $1.51 billion, a P/E ratio of 40.63, a PEG ratio of 1.07 and a beta of 1.42.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business had revenue of $370.07 million during the quarter, compared to analyst estimates of $371.73 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HLMN has been the topic of several research reports. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Hillman Solutions in a research report on Tuesday, March 24th. Finally, Benchmark cut their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Three 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’s stock. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Hold” and an average price target of $12.50.

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.