White Pine Capital LLC Grows Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

White Pine Capital LLC grew its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,512 shares of the company’s stock after buying an additional 7,180 shares during the period. White Pine Capital LLC’s holdings in Hillman Solutions were worth $539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Hillman Solutions by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock worth $158,044,000 after acquiring an additional 1,613,190 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Hillman Solutions by 13.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 9,180,793 shares of the company’s stock worth $84,555,000 after acquiring an additional 1,107,675 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Hillman Solutions by 1.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 7,698,558 shares of the company’s stock worth $63,513,000 after acquiring an additional 127,305 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 6,717,618 shares of the company’s stock worth $61,869,000 after acquiring an additional 663,417 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Hillman Solutions by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 4,717,999 shares of the company’s stock valued at $38,923,000 after buying an additional 320,371 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Activity

In other 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 sale, the executive vice president now owns 294,722 shares of the company’s stock, valued at approximately $2,808,700.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Gary Seeds sold 163,975 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total value of $1,562,681.75. Following the transaction, the executive vice president now owns 294,722 shares in the company, valued at approximately $2,808,700.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Randall J. Fagundo sold 250,546 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the transaction, the insider now owns 45,440 shares in the company, valued at approximately $437,587.20. The disclosure for this sale can be found here. Insiders have sold a total of 618,658 shares of company stock valued at $5,958,077 in the last 90 days. 4.10% of the stock is currently owned by insiders.

Hillman Solutions Stock Up 0.6 %

Shares of NASDAQ:HLMN traded up $0.06 during midday trading on Friday, reaching $9.74. The company’s stock had a trading volume of 755,775 shares, compared to its average volume of 788,958. Hillman Solutions Corp has a 12-month low of $6.02 and a 12-month high of $10.85. The firm has a 50 day moving average of $9.85 and a 200-day moving average of $8.71. The firm has a market capitalization of $1.90 billion, a P/E ratio of -194.76 and a beta of 1.72. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 EPS 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 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, research analysts anticipate that Hillman Solutions Corp will post 0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HLMN shares. Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Finally, Barclays upped their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.63.

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.