Jefferies Financial Group Inc. Sells 1,257,533 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Jefferies Financial Group Inc. decreased its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,507,365 shares of the company’s stock after selling 1,257,533 shares during the period. Hillman Solutions comprises about 0.4% of Jefferies Financial Group Inc.’s holdings, making the stock its 16th largest holding. Jefferies Financial Group Inc. owned about 4.33% of Hillman Solutions worth $82,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of HLMN. Envestnet Portfolio Solutions Inc. boosted its holdings in Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after acquiring an additional 1,061 shares during the last quarter. Xponance Inc. increased its position in shares of Hillman Solutions by 10.1% during the fourth quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after acquiring an additional 1,297 shares in the last quarter. Cetera Investment Advisers increased its holdings in Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock worth $329,000 after purchasing an additional 1,325 shares in the last quarter. HighTower Advisors LLC raised its position in Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock valued at $1,404,000 after buying an additional 1,562 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Hillman Solutions by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company’s stock valued at $1,163,000 after purchasing an additional 2,391 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $7.75 on Friday. The business’s 50-day moving average price is $8.22 and its 200-day moving average price is $9.64. The firm has a market capitalization of $1.53 billion, a PE ratio of 96.89 and a beta of 1.70. Hillman Solutions Corp has a 12 month low of $6.64 and a 12 month high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. Sell-side analysts forecast that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert O. Kraft acquired 140,000 shares of Hillman Solutions stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the purchase, the chief financial officer now owns 632,752 shares of the company’s stock, valued at $4,486,211.68. This represents a 28.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays decreased their price target on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Benchmark restated a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird dropped their price objective on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Raymond James set a $10.00 target price on shares of Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Baird R W lowered Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Hillman Solutions Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.