MQS Management LLC Reduces Holdings in Hillman Solutions Corp. $HLMN

MQS Management LLC reduced its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 60.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,059 shares of the company’s stock after selling 35,664 shares during the period. MQS Management LLC’s holdings in Hillman Solutions were worth $165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV purchased a new stake in Hillman Solutions in the 1st quarter worth approximately $35,000. Blueshift Asset Management LLC purchased a new stake in Hillman Solutions in the 1st quarter worth approximately $91,000. Lindenwold Advisors INC purchased a new stake in Hillman Solutions in the 1st quarter worth approximately $93,000. AlphaQuest LLC purchased a new stake in Hillman Solutions in the 1st quarter worth approximately $103,000. Finally, Benjamin Edwards Inc. grew its stake in Hillman Solutions by 24.1% in the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock worth $116,000 after acquiring an additional 2,563 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares in the company, valued at $558,253.48. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $9.66 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 87.83 and a beta of 1.65. The firm’s fifty day simple moving average is $9.58 and its 200 day simple moving average is $8.43. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The firm had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions’s quarterly revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Tuesday, October 14th. Finally, Barclays boosted their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.83.

Hillman Solutions Company 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.