Deutsche Bank AG Invests $1.86 Million in Hillman Solutions Corp. $HLMN

Deutsche Bank AG acquired a new position in Hillman Solutions Corp. (NASDAQ:HLMN) during the 2nd quarter, Holdings Channel reports. The fund acquired 220,089 shares of the company’s stock, valued at approximately $1,858,000.

A number of other large investors have also recently added to or reduced their stakes in HLMN. Kestra Advisory Services LLC purchased a new position in Hillman Solutions during the 4th quarter valued at about $33,000. Los Angeles Capital Management LLC acquired a new position in Hillman Solutions during the fourth quarter worth about $37,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Hillman Solutions in the third quarter valued at about $59,000. Advisory Services Network LLC purchased a new stake in shares of Hillman Solutions in the third quarter valued at about $63,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Hillman Solutions in the fourth quarter valued at approximately $74,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HLMN shares. Canaccord Genuity Group cut their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Barclays boosted their price target on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hillman Solutions has an average rating of “Hold” and an average price target of $12.67.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $7.77 on Friday. Hillman Solutions Corp. has a 12-month low of $6.96 and a 12-month high of $10.85. The stock has a market capitalization of $1.51 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.10 and a beta of 1.39. The firm’s 50-day moving average is $8.26 and its two-hundred day moving average is $8.21. 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 posted its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Equities analysts predict that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 17,381 shares of Hillman Solutions stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the sale, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.30% of the company’s stock.

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.