Raymond James Trust N.A. Has $177,000 Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Raymond James Trust N.A. trimmed its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,206 shares of the company’s stock after selling 2,614 shares during the period. Raymond James Trust N.A.’s holdings in Hillman Solutions were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new position in Hillman Solutions during the second quarter worth $30,000. Ensign Peak Advisors Inc acquired a new position in Hillman Solutions during the third quarter worth $30,000. Rockefeller Capital Management L.P. boosted its position in Hillman Solutions by 590.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,000 shares of the company’s stock worth $36,000 after purchasing an additional 4,276 shares during the period. Advisory Services Network LLC boosted its position in Hillman Solutions by 50.4% during the first quarter. Advisory Services Network LLC now owns 6,655 shares of the company’s stock worth $56,000 after purchasing an additional 2,229 shares during the period. Finally, Quantbot Technologies LP bought a new position in Hillman Solutions during the second quarter worth $58,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the transaction, the insider now owns 45,440 shares of the company’s stock, valued at $437,587.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the transaction, the insider now owns 45,440 shares of the company’s stock, valued at $437,587.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares of the company’s stock, valued at approximately $6,473,511.09. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock valued at $5,958,077 over the last quarter. 4.10% of the stock is owned by company insiders.

Hillman Solutions Trading Up 2.7 %

HLMN opened at $10.66 on Thursday. Hillman Solutions Corp has a twelve month low of $6.02 and a twelve month high of $10.67. The company has a 50-day simple moving average of $9.42 and a 200 day simple moving average of $8.46. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -213.16 and a beta of 1.71.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The business had revenue of $347.81 million during the quarter, compared to analysts’ expectations of $344.98 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. Hillman Solutions’s revenue was down .8% compared to the same quarter last year. Analysts predict that Hillman Solutions Corp will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on HLMN. Barclays lifted their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Stifel Nicolaus lifted their price objective on shares of Hillman Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. TheStreet raised shares of Hillman Solutions from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. Finally, Canaccord Genuity Group lifted their price objective on shares of Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and an average target price of $11.29.

About Hillman Solutions

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.