Conestoga Capital Advisors LLC Cuts Position in Hillman Solutions Corp. $HLMN

Conestoga Capital Advisors LLC lowered its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 95.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,735 shares of the company’s stock after selling 5,467,728 shares during the period. Conestoga Capital Advisors LLC owned about 0.13% of Hillman Solutions worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MGO One Seven LLC raised its position in shares of Hillman Solutions by 3.8% in the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after buying an additional 1,109 shares during the last quarter. MQS Management LLC boosted its position in Hillman Solutions by 11.1% during the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock worth $122,000 after acquiring an additional 1,406 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in Hillman Solutions by 6.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock worth $273,000 after acquiring an additional 1,773 shares during the last quarter. ProShare Advisors LLC grew its stake in Hillman Solutions by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock worth $314,000 after acquiring an additional 2,332 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in Hillman Solutions by 13.5% in the 4th quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock worth $174,000 after acquiring an additional 2,397 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.14 on Thursday. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.60 billion, a P/E ratio of 42.84, a P/E/G ratio of 1.17 and a beta of 1.38. Hillman Solutions Corp. has a fifty-two week low of $6.96 and a fifty-two week high of $10.85. The firm’s 50 day moving average is $7.81 and its two-hundred day moving average is $8.55.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLMN. Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Canaccord Genuity Group lowered 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. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hillman Solutions has a consensus rating of “Hold” and a consensus target price of $12.25.

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.