Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Up 17.5% in May

Hillman Solutions Corp (NASDAQ:HLMNGet Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,890,000 shares, an increase of 17.5% from the April 30th total of 3,310,000 shares. Based on an average daily trading volume, of 888,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.0% of the company’s stock are short sold.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions stock in a transaction on Thursday, March 14th. The shares were 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 $6,473,511.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions stock in a transaction on Thursday, March 14th. The shares were 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 $6,473,511.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Randall J. Fagundo sold 85,207 shares of Hillman Solutions stock in a transaction on Monday, March 4th. The stock was sold at an average price of $9.58, for a total transaction of $816,283.06. Following the completion of the transaction, the insider now directly owns 45,440 shares in the company, valued at $435,315.20. The disclosure for this sale can be found here. Insiders have sold a total of 196,930 shares of company stock valued at $1,912,441 over the last ninety days. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Hillman Solutions by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock worth $177,455,000 after purchasing an additional 110,730 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Hillman Solutions by 1.2% during the first quarter. Conestoga Capital Advisors LLC now owns 9,289,913 shares of the company’s stock worth $98,845,000 after purchasing an additional 109,120 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Hillman Solutions by 2.3% during the first quarter. Burgundy Asset Management Ltd. now owns 8,290,117 shares of the company’s stock worth $88,207,000 after purchasing an additional 182,958 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 3.0% during the first quarter. Reinhart Partners LLC. now owns 6,920,005 shares of the company’s stock worth $73,629,000 after purchasing an additional 202,387 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Hillman Solutions by 4.8% during the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after purchasing an additional 218,982 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Up 1.3 %

HLMN traded up $0.12 on Friday, reaching $9.19. The stock had a trading volume of 431,127 shares, compared to its average volume of 768,125. Hillman Solutions has a 12-month low of $6.02 and a 12-month high of $10.85. The company has a quick ratio of 0.78, a current ratio of 2.49 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $9.76 and its two-hundred day moving average price is $9.15.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The company had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that Hillman Solutions will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on HLMN shares. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. 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 note on Friday, February 23rd. Robert W. Baird lifted their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, 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 note on Monday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Hillman Solutions has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Get Our Latest Report on Hillman Solutions

About Hillman Solutions

(Get Free Report)

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.

See Also

Receive News & Ratings for Hillman Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillman Solutions and related companies with MarketBeat.com's FREE daily email newsletter.