Hsbc Holdings PLC Sells 1,770 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Hsbc Holdings PLC reduced its position in Hillman Solutions Corp (NASDAQ:HLMN) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 22,860 shares of the company’s stock after selling 1,770 shares during the quarter. Hsbc Holdings PLC’s holdings in Hillman Solutions were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in shares of Hillman Solutions during the 4th quarter worth about $25,000. R Squared Ltd acquired a new position in shares of Hillman Solutions in the 4th quarter worth approximately $32,000. Sterling Capital Management LLC raised its holdings in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after buying an additional 4,572 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after buying an additional 6,500 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company’s stock valued at $78,000 after buying an additional 5,915 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLMN. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Baird R W cut shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Robert W. Baird decreased their price target on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was acquired 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 directly owns 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $7.75 on Friday. The firm has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $9.64. Hillman Solutions Corp has a fifty-two week low of $6.64 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The firm has a market cap of $1.53 billion, a P/E ratio of 96.89 and a beta of 1.70.

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

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.