Riverbridge Partners LLC Sells 111,414 Shares of Hillman Solutions Corp. $HLMN

Riverbridge Partners LLC trimmed its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,054,588 shares of the company’s stock after selling 111,414 shares during the period. Riverbridge Partners LLC owned about 1.05% of Hillman Solutions worth $17,094,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Hillman Solutions during the fourth quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Hillman Solutions in the 4th quarter worth approximately $37,000. Brown Brothers Harriman & Co. bought a new stake in shares of Hillman Solutions in the 3rd quarter worth approximately $59,000. Advisory Services Network LLC purchased a new stake in shares of Hillman Solutions in the 3rd quarter valued at $63,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Hillman Solutions during the 4th quarter valued at $74,000. Institutional investors own 98.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price objective on shares of Hillman Solutions in a report on Tuesday, March 24th. Finally, Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Hillman Solutions Trading Down 1.4%

Shares of HLMN opened at $7.78 on Wednesday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 40.95, a PEG ratio of 1.10 and a beta of 1.42. 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 firm has a fifty day simple moving average of $7.86 and a two-hundred day simple moving average of $8.58. Hillman Solutions Corp. has a twelve month low of $6.75 and a twelve month high of $10.85.

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

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.