Punch & Associates Investment Management Inc. Acquires Shares of 1,880,839 Hillman Solutions Corp. $HLMN

Punch & Associates Investment Management Inc. purchased a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,880,839 shares of the company’s stock, valued at approximately $15,874,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Hillman Solutions by 80.5% during the 1st quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock worth $484,000 after buying an additional 24,581 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hillman Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock worth $1,028,000 after acquiring an additional 5,104 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hillman Solutions by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock worth $3,463,000 after acquiring an additional 21,619 shares during the period. Jane Street Group LLC raised its holdings in Hillman Solutions by 334.9% during the first quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock worth $2,623,000 after purchasing an additional 229,815 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Hillman Solutions by 72.0% in the second quarter. Prudential Financial Inc. now owns 26,145 shares of the company’s stock valued at $187,000 after purchasing an additional 10,940 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Aaron Jerrod Parker sold 17,381 shares of the business’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 completion of the transaction, the insider directly owned 54,723 shares of the company’s stock, valued at $468,976.11. The trade was a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

HLMN has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays raised their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Three research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.50.

Hillman Solutions Stock Down 1.0%

Shares of NASDAQ HLMN opened at $8.04 on Thursday. The firm’s 50-day moving average is $8.27 and its two-hundred day moving average is $8.24. The company has a market capitalization of $1.56 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.39. Hillman Solutions Corp. has a 12-month low of $6.96 and a 12-month high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) 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 the consensus estimate of $433.67 million. Equities analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

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.