Russell Investments Group Ltd. Has $7.38 Million Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Russell Investments Group Ltd. lowered its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 801,446 shares of the company’s stock after selling 175,072 shares during the period. Russell Investments Group Ltd. owned 0.41% of Hillman Solutions worth $7,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AXQ Capital LP bought a new position in Hillman Solutions during the 3rd quarter worth $103,000. Envestnet Portfolio Solutions Inc. bought a new position in Hillman Solutions during the third quarter worth about $108,000. Raymond James Financial Services Advisors Inc. raised its stake in Hillman Solutions by 22.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company’s stock worth $110,000 after purchasing an additional 2,407 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in Hillman Solutions in the 3rd quarter valued at about $129,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $138,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $9.58 on Wednesday. The stock has a fifty day moving average of $9.92 and a 200-day moving average of $8.82. The stock has a market capitalization of $1.87 billion, a P/E ratio of -191.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. Hillman Solutions Corp has a 52 week low of $6.02 and a 52 week high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $347.81 million during the quarter, compared to the consensus estimate of $344.98 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, sell-side analysts expect that Hillman Solutions Corp will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Barclays upped their target price on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

Insiders Place Their Bets

In other news, COO Jon Michael Adinolfi sold 110,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at approximately $6,473,511.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the sale, the insider now directly owns 45,440 shares of the company’s stock, valued at approximately $437,587.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares of the company’s stock, valued at approximately $6,473,511.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 618,658 shares of company stock valued at $5,958,077. 5.10% of the stock is currently owned by insiders.

About Hillman Solutions

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.