Bernzott Capital Advisors Decreases Stake in Hillman Solutions Corp. $HLMN

Bernzott Capital Advisors reduced its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 12.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 753,857 shares of the company’s stock after selling 104,592 shares during the period. Hillman Solutions accounts for approximately 3.0% of Bernzott Capital Advisors’ portfolio, making the stock its 17th largest holding. Bernzott Capital Advisors owned approximately 0.38% of Hillman Solutions worth $6,272,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in Hillman Solutions by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock valued at $484,000 after buying an additional 24,581 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hillman Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock valued at $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 lifted its position 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 in the last quarter. Jane Street Group LLC lifted its position in shares of 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 acquiring an additional 229,815 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Hillman Solutions by 72.0% in the second quarter. Prudential Financial Inc. now owns 26,145 shares of the company’s stock worth $187,000 after acquiring an additional 10,940 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLMN has been the subject of several recent research reports. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group cut their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.25.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $7.69 on Friday. The stock’s 50-day simple moving average is $7.71 and its two-hundred day simple moving average is $8.50. Hillman Solutions Corp. has a twelve month low of $6.96 and a twelve month high of $10.85. The firm has a market capitalization of $1.51 billion, a P/E ratio of 40.48, a P/E/G ratio of 1.06 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $370.07 million for the quarter, compared to analysts’ expectations of $371.73 million. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. As a group, equities analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

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.