Penn Capital Management Company LLC Decreases Position in Hillman Solutions Corp (NASDAQ:HLMN)

Penn Capital Management Company LLC lessened its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,316,794 shares of the company’s stock after selling 162,522 shares during the quarter. Penn Capital Management Company LLC’s holdings in Hillman Solutions were worth $12,826,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in shares of Hillman Solutions by 326.8% in the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after buying an additional 233,894 shares during the period. Sanctuary Advisors LLC raised its stake in Hillman Solutions by 20.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after acquiring an additional 5,273 shares during the period. Nordea Investment Management AB bought a new stake in Hillman Solutions in the 4th quarter valued at about $4,631,000. Harbor Capital Advisors Inc. lifted its holdings in Hillman Solutions by 1.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company’s stock valued at $15,953,000 after purchasing an additional 26,832 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its position in Hillman Solutions by 1.7% during the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after purchasing an additional 130,273 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $7.73 on Thursday. The stock’s 50-day simple moving average is $8.84 and its two-hundred day simple moving average is $9.90. Hillman Solutions Corp has a twelve month low of $7.24 and a twelve month high of $12.08. The firm has a market capitalization of $1.53 billion, a P/E ratio of 96.64 and a beta of 1.67. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

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). The company had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter last year, the company posted $0.10 earnings per share. As a group, equities analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HLMN has been the topic of several research reports. Baird R W lowered shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Barclays dropped their target price on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Benchmark reaffirmed a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $9.00 price target (down from $12.00) on shares of Hillman Solutions in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Hillman Solutions presently has a consensus rating of “Hold” and a consensus price target of $11.50.

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.