Hillman Solutions Corp. (NASDAQ:HLMN) Short Interest Update

Hillman Solutions Corp. (NASDAQ:HLMN) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 5,149,811 shares, a growth of 22.2% from the February 26th total of 4,214,082 shares. Based on an average daily volume of 2,358,612 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.8% of the company’s shares are sold short.

Hillman Solutions Stock Up 4.4%

NASDAQ:HLMN traded up $0.35 during trading hours on Tuesday, hitting $8.32. The stock had a trading volume of 1,195,622 shares, compared to its average volume of 1,656,125. The company has a market cap of $1.64 billion, a PE ratio of 39.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.67. The business has a 50 day simple moving average of $8.95 and a two-hundred day simple moving average of $9.07. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.85. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Analysts predict that Hillman Solutions will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Benchmark reduced their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th. Finally, Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Insider Transactions at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. This represents a 13.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Hillman Solutions by 80.5% during the first quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock worth $484,000 after acquiring an additional 24,581 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hillman Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock valued at $1,028,000 after purchasing an additional 5,104 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Hillman Solutions by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock valued at $3,463,000 after purchasing an additional 21,619 shares in the last quarter. Jane Street Group LLC grew its stake in Hillman Solutions by 334.9% during the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock valued at $2,623,000 after purchasing an additional 229,815 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Hillman Solutions by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 222,437 shares of the company’s stock worth $1,588,000 after purchasing an additional 6,998 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

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.