BNP Paribas Financial Markets Purchases Shares of 148,115 Hillman Solutions Corp (NASDAQ:HLMN)

BNP Paribas Financial Markets purchased a new stake in Hillman Solutions Corp (NASDAQ:HLMN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 148,115 shares of the company’s stock, valued at approximately $1,443,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after acquiring an additional 509,016 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in Hillman Solutions in the fourth quarter valued at approximately $17,290,000. Charles Schwab Investment Management Inc. lifted its holdings in Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock valued at $24,244,000 after acquiring an additional 73,216 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Hillman Solutions in the fourth quarter valued at approximately $675,000. Finally, Russell Investments Group Ltd. lifted its holdings in Hillman Solutions by 16.8% in the fourth quarter. Russell Investments Group Ltd. now owns 147,294 shares of the company’s stock valued at $1,435,000 after acquiring an additional 21,191 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Stock Down 0.5%

Shares of HLMN opened at $8.06 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a one year low of $6.64 and a one year high of $12.08. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 100.76 and a beta of 1.70. The stock has a 50 day moving average price of $8.09 and a 200 day moving average price of $9.55.

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

Insider Buying and Selling

In other 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 purchased at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the transaction, the chief financial officer now owns 632,752 shares of the company’s stock, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLMN. 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. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Baird R W cut Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Finally, Raymond James set a $10.00 price objective on Hillman Solutions and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.00.

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.