Inspire Investing LLC Purchases New Shares in Hillman Solutions Corp. $HLMN

Inspire Investing LLC purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 90,234 shares of the company’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Hillman Solutions during the 2nd quarter worth $125,138,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after buying an additional 870,216 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Hillman Solutions during the second quarter worth $67,324,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hillman Solutions in the second quarter valued at about $30,105,000. Finally, Anchor Capital Management Company LLC boosted its position in shares of Hillman Solutions by 33.1% in the first quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock valued at $21,095,000 after acquiring an additional 630,000 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hillman Solutions news, insider Aaron Parker sold 17,381 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the sale, the insider owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Amanda Kitzberger sold 13,750 shares of Hillman Solutions stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the transaction, the insider owned 58,855 shares in the company, valued at approximately $426,698.75. The trade was a 18.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.30% of the company’s stock.

Hillman Solutions Stock Performance

HLMN opened at $7.80 on Friday. Hillman Solutions Corp. has a twelve month low of $6.66 and a twelve month high of $10.85. The company has a 50-day simple moving average of $7.34 and a 200 day simple moving average of $8.14. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 1.09 and a beta of 1.42.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The business had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Analysts predict that Hillman Solutions Corp. will post 0.60 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on HLMN. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Barclays lifted their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. Canaccord Genuity Group decreased their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Finally, Raymond James Financial cut shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.