Inspire Investing LLC Purchases New Position in Hillman Solutions Corp. $HLMN

Inspire Investing LLC acquired a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 90,234 shares of the company’s stock, valued at approximately $631,000.

A number of other institutional investors have also added to or reduced their stakes in HLMN. Integrated Wealth Concepts LLC bought a new position in Hillman Solutions in the 2nd quarter valued at approximately $25,000. Public Employees Retirement System of Ohio bought a new stake in shares of Hillman Solutions during the second quarter worth $42,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Hillman Solutions during the third quarter worth $73,000. Diversified Management Inc. bought a new stake in shares of Hillman Solutions during the third quarter worth $78,000. Finally, NewEdge Wealth LLC acquired a new position in shares of Hillman Solutions during the second quarter worth $88,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Canaccord Genuity Group dropped their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Weiss Ratings raised Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Raymond James Financial lowered Hillman Solutions from an “outperform” rating to a “hold” rating in a research report on Thursday, October 1st. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. Finally, Barclays upped their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.67.

Insider Activity

In other news, insider Amanda Kitzberger sold 13,750 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the transaction, the insider owned 58,855 shares of the company’s stock, valued at approximately $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Kraft purchased 35,500 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $248,500.00. Following the acquisition, the chief financial officer owned 697,090 shares of the company’s stock, valued at $4,879,630. This trade represents a 5.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 5.30% of the company’s stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $7.80 on Friday. The company has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $8.14. The firm has a market cap of $1.52 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42. Hillman Solutions Corp. has a 1 year low of $6.66 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. On average, research analysts forecast that Hillman Solutions Corp. will post 0.60 EPS for the current year.

About Hillman Solutions

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.