Wealth Alliance Sells 2,917 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Wealth Alliance lessened its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,470 shares of the company’s stock after selling 2,917 shares during the quarter. Wealth Alliance’s holdings in Hillman Solutions were worth $375,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Hillman Solutions in the 4th quarter valued at $32,000. First Horizon Advisors Inc. raised its position in shares of Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after acquiring an additional 2,317 shares during the last quarter. Quarry LP bought a new stake in shares of Hillman Solutions during the third quarter worth $43,000. Venturi Wealth Management LLC raised its position in shares of Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Hillman Solutions during the fourth quarter worth $106,000. Institutional investors own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays decreased their price objective on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday. Finally, William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.60.

Insider Activity

In other news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now directly owns 55,811 shares in the company, valued at $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Down 1.0 %

NASDAQ:HLMN opened at $10.02 on Friday. Hillman Solutions Corp has a 1 year low of $8.43 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. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 125.27 and a beta of 1.68. The stock has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $10.26.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, equities analysts expect that Hillman Solutions Corp will post 0.6 earnings per share for the current year.

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.