775,671 Shares of Hillman Solutions Corp. $HLMN Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 775,671 shares of the company’s stock, valued at approximately $5,422,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Hillman Solutions in the second quarter valued at about $25,000. Public Employees Retirement System of Ohio bought a new position in shares of Hillman Solutions during the second quarter worth about $42,000. NewEdge Wealth LLC acquired a new position in shares of Hillman Solutions in the second quarter worth approximately $88,000. Avidian Wealth Enterprises LLC acquired a new position in shares of Hillman Solutions in the third quarter worth approximately $73,000. Finally, Diversified Management Inc. acquired a new position in shares of Hillman Solutions in the third quarter worth approximately $78,000. Institutional investors own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HLMN. Barclays upped their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Raymond James Financial lowered shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Canaccord Genuity Group dropped their price target 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, Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

Insider Activity at Hillman Solutions

In related news, insider Amanda Kitzberger sold 13,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the sale, the insider owned 58,855 shares of the company’s stock, valued at $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert O. Kraft bought 35,500 shares of the stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $7.00 per share, with a total value of $248,500.00. Following the completion of the acquisition, the chief financial officer owned 697,090 shares of the company’s stock, valued at $4,879,630. This represents a 5.37% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is owned by corporate insiders.

Hillman Solutions Stock Performance

Shares of HLMN opened at $7.26 on Friday. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $7.62 and its two-hundred day simple moving average is $7.87. Hillman Solutions Corp. has a 12 month low of $6.66 and a 12 month high of $10.85. The stock has a market capitalization of $1.41 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42.

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

Hillman Solutions Profile

Hillman Solutions Corp. (NASDAQ: HLMN) is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder’s hardware; and other small hardware items.