Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Up 8.7% in March

Hillman Solutions Corp (NASDAQ:HLMNGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,610,000 shares, an increase of 8.7% from the February 29th total of 4,240,000 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 937,100 shares, the short-interest ratio is currently 4.9 days.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HLMN shares. Barclays boosted their price target 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. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday. Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, TheStreet upgraded shares of Hillman Solutions from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $11.63.

Get Our Latest Report on HLMN

Insider Buying and Selling at Hillman Solutions

In other news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the sale, the insider now owns 45,440 shares in the company, valued at approximately $437,587.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Randall J. Fagundo sold 250,546 shares of Hillman Solutions stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the transaction, the insider now directly owns 45,440 shares in the company, valued at approximately $437,587.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary Seeds sold 163,975 shares of Hillman Solutions stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 294,722 shares of the company’s stock, valued at $2,808,700.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 618,658 shares of company stock worth $5,958,077. Insiders own 4.10% of the company’s stock.

Institutional Trading of Hillman Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of HLMN. Raymond James & Associates increased its holdings in Hillman Solutions by 12.4% in the 1st quarter. Raymond James & Associates now owns 256,760 shares of the company’s stock valued at $3,050,000 after acquiring an additional 28,276 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hillman Solutions by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 51,226 shares of the company’s stock worth $609,000 after buying an additional 5,883 shares in the last quarter. US Bancorp DE grew its stake in shares of Hillman Solutions by 268.1% in the 1st quarter. US Bancorp DE now owns 17,305 shares of the company’s stock worth $206,000 after buying an additional 12,604 shares in the last quarter. Citigroup Inc. grew its stake in shares of Hillman Solutions by 2,006.5% in the 1st quarter. Citigroup Inc. now owns 36,422 shares of the company’s stock worth $433,000 after buying an additional 34,693 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of Hillman Solutions by 13.9% in the 1st quarter. Natixis Advisors L.P. now owns 30,480 shares of the company’s stock worth $362,000 after buying an additional 3,731 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Down 1.9 %

Shares of Hillman Solutions stock opened at $10.33 on Wednesday. The company’s fifty day simple moving average is $9.54 and its 200-day simple moving average is $8.52. The stock has a market capitalization of $2.02 billion, a PE ratio of -206.56 and a beta of 1.72. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $347.81 million for the quarter, compared to the consensus estimate of $344.98 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. Hillman Solutions’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. As a group, equities analysts anticipate that Hillman Solutions will post 0.49 earnings per share for the current year.

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.

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