Hillman Solutions Corp. $HLMN Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,592,863 shares of the company’s stock after selling 364,092 shares during the quarter. WCM Investment Management LLC owned 1.31% of Hillman Solutions worth $23,802,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in HLMN. Ballast Asset Management LP lifted its stake in Hillman Solutions by 2.2% in the third quarter. Ballast Asset Management LP now owns 434,191 shares of the company’s stock worth $3,986,000 after acquiring an additional 9,401 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Hillman Solutions by 15.5% in the 3rd quarter. AlphaQuest LLC now owns 29,189 shares of the company’s stock valued at $268,000 after purchasing an additional 3,912 shares in the last quarter. Coastal Bridge Advisors LLC acquired a new position in shares of Hillman Solutions during the third quarter worth $121,000. Vanguard Personalized Indexing Management LLC purchased a new position in Hillman Solutions in the third quarter valued at $96,000. Finally, Anchor Capital Advisors LLC increased its holdings in Hillman Solutions by 49.6% in the third quarter. Anchor Capital Advisors LLC now owns 228,077 shares of the company’s stock valued at $2,094,000 after buying an additional 75,629 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Up 3.6%

Shares of NASDAQ HLMN opened at $9.71 on Tuesday. The business has a 50-day moving average price of $9.22 and a 200 day moving average price of $9.23. The stock has a market cap of $1.92 billion, a PE ratio of 51.11 and a beta of 1.65. The company has a quick ratio of 0.77, a current ratio of 2.46 and a debt-to-equity ratio of 0.56. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $10.56.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $424.94 million for the quarter, compared to analyst estimates of $425.00 million. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%. Equities research analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

HLMN has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Hillman Solutions in a report on Monday, November 24th. Finally, Wall Street Zen raised shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.