Skylands Capital LLC Increases Stock Position in Hillman Solutions Corp. $HLMN

Skylands Capital LLC lifted its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 42.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 538,600 shares of the company’s stock after buying an additional 159,650 shares during the period. Skylands Capital LLC owned approximately 0.27% of Hillman Solutions worth $4,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HLMN. Kestra Advisory Services LLC bought a new stake in Hillman Solutions in the fourth quarter valued at about $33,000. Los Angeles Capital Management LLC bought a new position in Hillman Solutions during the fourth quarter worth $37,000. Brown Brothers Harriman & Co. acquired a new position in Hillman Solutions in the third quarter worth $59,000. Advisory Services Network LLC acquired a new position in Hillman Solutions in the third quarter worth $63,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Hillman Solutions during the 4th quarter valued at about $74,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Up 1.8%

HLMN opened at $8.47 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95. The stock’s fifty day moving average is $7.84 and its 200-day moving average is $8.57. Hillman Solutions Corp. has a one year low of $6.96 and a one year high of $10.85. The company has a market capitalization of $1.66 billion, a PE ratio of 44.58, a P/E/G ratio of 1.18 and a beta of 1.42.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLMN. Weiss Ratings cut Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $14.00 price objective on shares of Hillman Solutions in a research note on Tuesday, March 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hillman Solutions has an average rating of “Hold” and a consensus price target of $12.50.

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.