2,586,097 Hillman Solutions Corp. $HLMN Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,569,262 shares of the company’s stock after selling 2,586,097 shares during the quarter. Reinhart Partners LLC. owned about 4.40% of Hillman Solutions worth $59,899,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Hillman Solutions in the second quarter worth $125,138,000. Dimensional Fund Advisors LP grew its stake in shares of Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after purchasing an additional 870,216 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Hillman Solutions during the 2nd quarter worth $67,324,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Hillman Solutions in the 2nd quarter valued at about $30,105,000. Finally, Anchor Capital Management Company LLC increased its holdings in shares of Hillman Solutions by 33.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock valued at $21,095,000 after purchasing an additional 630,000 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $6.97 on Friday. Hillman Solutions Corp. has a 52 week low of $6.66 and a 52 week high of $10.85. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $7.91. The firm has a market capitalization of $1.36 billion, a PE ratio of 31.68, a P/E/G ratio of 0.98 and a beta of 1.42.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate 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. On average, equities research analysts predict that Hillman Solutions Corp. will post 0.60 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on HLMN. Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. Barclays lifted their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Canaccord Genuity Group decreased their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Finally, Raymond James Financial cut Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. One 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 assigned a Sell rating to the company. According to MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction 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 sale, the insider owned 58,855 shares in the company, valued at approximately $426,698.75. This represents a 18.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aaron Parker sold 17,381 shares of the stock in a transaction 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 sale, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.30% of the company’s stock.

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.