Spouting Rock Asset Management LLC Invests $213,000 in Hillman Solutions Corp (NASDAQ:HLMN)

Spouting Rock Asset Management LLC acquired a new stake in Hillman Solutions Corp (NASDAQ:HLMNGet Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,823 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brahman Capital Corp. bought a new position in Hillman Solutions in the 3rd quarter worth $78,938,000. Bamco Inc. NY purchased a new stake in Hillman Solutions in the 3rd quarter worth about $64,967,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Hillman Solutions by 1,085.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,423,000 shares of the company’s stock worth $47,547,000 after acquiring an additional 4,050,000 shares during the period. Bayberry Capital Partners LP purchased a new position in shares of Hillman Solutions during the third quarter worth approximately $37,520,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Hillman Solutions during the fourth quarter valued at approximately $22,886,000.

In other news, major shareholder Ccmp Capital, Lp sold 12,347,733 shares of the business’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $10.00, for a total transaction of $123,477,330.00. Following the completion of the sale, the insider now owns 2,589,858 shares of the company’s stock, valued at approximately $25,898,580. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert O. Kraft purchased 47,500 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was bought at an average price of $10.35 per share, for a total transaction of $491,625.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 171,186 shares of company stock worth $1,799,302.

Shares of Hillman Solutions stock traded up $0.51 on Thursday, hitting $10.90. The company had a trading volume of 1,148,940 shares, compared to its average volume of 1,045,833. Hillman Solutions Corp has a 52 week low of $8.12 and a 52 week high of $13.46. The company has a market cap of $2.12 billion, a PE ratio of -5.22 and a beta of 0.85. The business has a 50-day simple moving average of $11.19 and a 200-day simple moving average of $10.41. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.48 and a quick ratio of 0.49.

Hillman Solutions (NASDAQ:HLMNGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $363.01 million for the quarter, compared to analyst estimates of $363.00 million. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, equities research analysts predict that Hillman Solutions Corp will post 0.23 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on HLMN shares. Raymond James lowered their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, March 3rd. Barclays assumed coverage on shares of Hillman Solutions in a research note on Friday, April 22nd. They set an “overweight” rating and a $15.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Hillman Solutions from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.69.

About Hillman Solutions (Get Rating)

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.

Further Reading

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Institutional Ownership by Quarter for Hillman Solutions (NASDAQ:HLMN)

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