Hillman Solutions Corp. $HLMN Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lowered its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 95.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 246,735 shares of the company’s stock after selling 5,467,728 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Hillman Solutions were worth $2,053,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Anchor Capital Management Company LLC grew its stake in Hillman Solutions by 102.5% during the third quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock worth $13,015,000 after buying an additional 717,772 shares during the period. UBS Group AG raised its stake in shares of Hillman Solutions by 112.2% in the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after acquiring an additional 1,412,693 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of Hillman Solutions by 71.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 671,000 shares of the company’s stock valued at $6,160,000 after acquiring an additional 280,000 shares during the period. Jennison Associates LLC acquired a new position in shares of Hillman Solutions during the 4th quarter valued at $950,000. Finally, Congruence Capital LLC acquired a new position in shares of Hillman Solutions during the 4th quarter valued at $6,437,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings cut Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group decreased their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Hold” and a consensus target price of $12.25.

Hillman Solutions Price Performance

HLMN opened at $8.14 on Thursday. The company has a fifty day simple moving average of $7.81 and a 200 day simple moving average of $8.55. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 1.17 and a beta of 1.38. Hillman Solutions Corp. has a twelve month low of $6.96 and a twelve month high of $10.85. 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 (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $370.07 million during the quarter, compared to analyst estimates of $371.73 million. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

About Hillman Solutions

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.