Trexquant Investment LP Invests $2.16 Million in Hillman Solutions Corp (NASDAQ:HLMN)

Trexquant Investment LP acquired a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 221,425 shares of the company’s stock, valued at approximately $2,157,000.

Several other large investors have also recently added to or reduced their stakes in HLMN. Envestnet Portfolio Solutions Inc. increased its stake in shares of Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $227,000 after acquiring an additional 1,061 shares during the last quarter. Xponance Inc. raised its stake in shares of Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after purchasing an additional 1,297 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock valued at $1,404,000 after buying an additional 1,562 shares in the last quarter. R Squared Ltd bought a new position in Hillman Solutions during the fourth quarter valued at approximately $32,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Hillman Solutions by 4.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company’s stock valued at $768,000 after acquiring an additional 3,476 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Down 1.6 %

Shares of NASDAQ:HLMN opened at $7.38 on Wednesday. Hillman Solutions Corp has a 52-week low of $7.26 and a 52-week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a market cap of $1.46 billion, a P/E ratio of 92.26 and a beta of 1.67. The stock’s 50-day moving average is $9.42 and its 200-day moving average is $10.12.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. During the same period in the prior year, the company posted $0.10 earnings per share. Equities research analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HLMN shares. Benchmark restated a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Barclays reduced their price target on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday. Robert W. Baird lowered their price objective on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Hillman Solutions Profile

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.