Point72 Asia Singapore Pte. Ltd. Invests $79,000 in Hillman Solutions Corp (NASDAQ:HLMN)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,100 shares of the company’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in Hillman Solutions in the 4th quarter worth approximately $25,000. R Squared Ltd purchased a new position in Hillman Solutions in the fourth quarter worth $32,000. Sterling Capital Management LLC grew its position in Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after acquiring an additional 4,572 shares in the last quarter. Lazard Asset Management LLC increased its stake in Hillman Solutions by 1,911.4% in the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company’s stock valued at $63,000 after acquiring an additional 6,193 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several research reports. Barclays cut their target price on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird lowered their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Baird R W cut Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, Raymond James set a $10.00 target price on Hillman Solutions and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

Hillman Solutions Stock Down 0.5%

HLMN opened at $8.06 on Friday. The firm’s 50 day simple moving average is $8.09 and its two-hundred day simple moving average is $9.55. The company has a market capitalization of $1.59 billion, a PE ratio of 100.76 and a beta of 1.70. Hillman Solutions Corp has a 1-year low of $6.64 and a 1-year high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. As a group, equities analysts forecast that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $7.09 per share, with a total value of $992,600.00. Following the completion of the purchase, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

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.