Corient Private Wealth LP Makes New Investment in Hillman Solutions Corp. $HLMN

Corient Private Wealth LP purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 122,366 shares of the company’s stock, valued at approximately $1,033,000.

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

Insider Buying and Selling at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.30% of the company’s stock.

Hillman Solutions Stock Performance

Shares of HLMN opened at $7.68 on Friday. The company has a market cap of $1.49 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. The firm has a 50-day moving average of $8.21 and a 200-day moving average of $8.12. Hillman Solutions Corp. has a one year low of $6.96 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN) last issued its 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. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. As a group, equities analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Hillman Solutions 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.