Anchor Capital Management Company LLC Grows Holdings in Hillman Solutions Corp. $HLMN

Anchor Capital Management Company LLC grew its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 34.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,905,478 shares of the company’s stock after buying an additional 487,706 shares during the period. Hillman Solutions accounts for approximately 14.6% of Anchor Capital Management Company LLC’s holdings, making the stock its 3rd biggest position. Anchor Capital Management Company LLC’s holdings in Hillman Solutions were worth $16,501,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HLMN. Bank of Montreal Can boosted its holdings in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after buying an additional 10,839,127 shares in the last quarter. UBS Group AG boosted its stake in Hillman Solutions by 112.2% in the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock worth $23,134,000 after purchasing an additional 1,412,693 shares in the last quarter. Reinhart Partners LLC. boosted its stake in Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after purchasing an additional 916,986 shares in the last quarter. Kennedy Capital Management LLC bought a new position in Hillman Solutions in the 3rd quarter worth about $7,364,000. Finally, Congruence Capital LLC bought a new position in Hillman Solutions in the 4th quarter worth about $6,437,000. Institutional investors own 98.11% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the subject of a number of recent analyst reports. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Benchmark decreased their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Hillman Solutions in a research report on Tuesday, March 24th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Hillman Solutions Trading Down 1.9%

Shares of NASDAQ:HLMN opened at $7.83 on Wednesday. The stock has a 50 day moving average of $7.91 and a 200 day moving average of $8.61. The company has a market cap of $1.54 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $10.85.

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

Hillman Solutions Company 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.