Short Interest in Hillman Solutions Corp (NASDAQ:HLMN) Rises By 21.6%

Hillman Solutions Corp (NASDAQ:HLMN) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,440,000 shares, a growth of 21.6% from the October 15th total of 2,830,000 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 853,000 shares, the short-interest ratio is currently 4.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HLMN. First Horizon Advisors Inc. raised its holdings in shares of Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares during the period. Quarry LP purchased a new stake in shares of Hillman Solutions during the third quarter valued at approximately $43,000. Canada Pension Plan Investment Board acquired a new position in shares of Hillman Solutions during the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after acquiring an additional 4,473 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in shares of Hillman Solutions in the second quarter worth about $101,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays increased their price target on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Trading Down 2.2 %

Shares of NASDAQ:HLMN traded down $0.24 during trading on Friday, reaching $10.76. 723,399 shares of the stock were exchanged, compared to its average volume of 823,842. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 269.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions has a 12-month low of $7.05 and a 12-month high of $12.08. The firm’s 50-day moving average price is $10.51 and its 200 day moving average price is $9.74.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, sell-side analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current fiscal year.

Hillman Solutions Company 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.