Citigroup Inc. Has $267,000 Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Citigroup Inc. cut its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 67.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,367 shares of the company’s stock after selling 66,495 shares during the period. Citigroup Inc.’s holdings in Hillman Solutions were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HLMN. Legal & General Group Plc boosted its holdings in Hillman Solutions by 2.9% during the fourth quarter. Legal & General Group Plc now owns 39,184 shares of the company’s stock worth $283,000 after purchasing an additional 1,104 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Hillman Solutions by 10.3% during the 1st quarter. Raymond James Trust N.A. now owns 11,987 shares of the company’s stock worth $143,000 after buying an additional 1,122 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Hillman Solutions by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,010 shares of the company’s stock valued at $211,000 after acquiring an additional 1,387 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Hillman Solutions by 11.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 18,902 shares of the company’s stock valued at $136,000 after acquiring an additional 1,993 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings 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 acquiring an additional 2,229 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Insiders Place Their Bets

In other news, Director John W. Swygert sold 7,207 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total value of $70,196.18. Following the transaction, the director now owns 24,999 shares of the company’s stock, valued at $243,490.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Gary Seeds sold 163,975 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the transaction, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at $2,808,700.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Swygert sold 7,207 shares of Hillman Solutions stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total transaction of $70,196.18. Following the completion of the sale, the director now owns 24,999 shares of the company’s stock, valued at approximately $243,490.26. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock worth $5,958,077 over the last three months. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

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

Hillman Solutions Stock Up 2.7 %

HLMN opened at $10.66 on Thursday. The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $9.42 and its 200 day simple moving average is $8.46. Hillman Solutions Corp has a 1-year low of $6.02 and a 1-year high of $10.67. The stock has a market cap of $2.08 billion, a PE ratio of -213.16 and a beta of 1.71.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $347.81 million for the quarter, compared to analyst estimates of $344.98 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts expect that Hillman Solutions Corp will post 0.49 earnings per share for the current year.

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.