Bernzott Capital Advisors Sells 104,592 Shares of Hillman Solutions Corp. $HLMN

Bernzott Capital Advisors decreased its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 12.2% during the first quarter, Holdings Channel.com reports. The fund owned 753,857 shares of the company’s stock after selling 104,592 shares during the quarter. Hillman Solutions accounts for approximately 3.0% of Bernzott Capital Advisors’ investment portfolio, making the stock its 17th largest position. Bernzott Capital Advisors’ holdings in Hillman Solutions were worth $6,272,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HLMN. MGO One Seven LLC increased its holdings in Hillman Solutions by 3.8% during the 4th quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after purchasing an additional 1,109 shares during the period. MQS Management LLC boosted its holdings in Hillman Solutions by 11.1% in the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after acquiring an additional 1,406 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Hillman Solutions by 6.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock valued at $273,000 after acquiring an additional 1,773 shares in the last quarter. ProShare Advisors LLC increased its position in Hillman Solutions by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock valued at $314,000 after purchasing an additional 2,332 shares during the period. Finally, Benjamin Edwards Inc. increased its position in Hillman Solutions by 13.5% during the 4th quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock valued at $174,000 after purchasing an additional 2,397 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on HLMN shares. Canaccord Genuity Group dropped their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hillman Solutions has a consensus rating of “Hold” and a consensus target price of $12.25.

Hillman Solutions Stock Up 0.4%

NASDAQ:HLMN opened at $7.69 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82. The firm’s 50-day moving average price is $7.71 and its 200-day moving average price is $8.50. The company has a market capitalization of $1.51 billion, a PE ratio of 40.48, a P/E/G ratio of 1.06 and a beta of 1.38. Hillman Solutions Corp. has a 1-year low of $6.96 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business had revenue of $370.07 million for the quarter, compared to analysts’ expectations of $371.73 million. During the same period last year, the business earned $0.10 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Hillman Solutions Profile

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.