Robert Kraft Acquires 35,500 Shares of Hillman Solutions (NASDAQ:HLMN) Stock

Hillman Solutions Corp. (NASDAQ:HLMN) CFO Robert Kraft bought 35,500 shares of the stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the acquisition, the chief financial officer owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. This represents a 5.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hillman Solutions Trading Up 0.6%

Shares of Hillman Solutions stock opened at $7.25 on Wednesday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.38. Hillman Solutions Corp. has a 52-week low of $6.91 and a 52-week high of $10.85. The company’s 50-day simple moving average is $8.09 and its 200-day simple moving average is $8.04. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. As a group, equities research analysts anticipate that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in shares of Hillman Solutions in the 2nd quarter worth about $345,000. Integrated Wealth Concepts LLC purchased a new position in Hillman Solutions during the 2nd quarter valued at about $25,000. Amundi increased its holdings in Hillman Solutions by 374.1% during the 2nd quarter. Amundi now owns 75,215 shares of the company’s stock valued at $635,000 after acquiring an additional 59,351 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Hillman Solutions during the second quarter worth about $110,000. Finally, Two Sigma Securities LLC acquired a new position in Hillman Solutions during the second quarter worth about $163,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HLMN. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. 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. Finally, Barclays raised 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Hillman Solutions Company Profile

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.