Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Update

Hillman Solutions Corp (NASDAQ:HLMN) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,550,000 shares, a growth of 6.9% from the September 15th total of 3,320,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 972,700 shares, the days-to-cover ratio is currently 3.6 days.

Hillman Solutions Stock Performance

HLMN traded up $0.23 during trading on Wednesday, hitting $10.96. The stock had a trading volume of 680,913 shares, compared to its average volume of 900,428. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77. The company has a 50 day moving average price of $9.92 and a 200-day moving average price of $9.59. Hillman Solutions has a one year low of $6.02 and a one year high of $10.98. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -1,096.00 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The company had revenue of $379.43 million during the quarter, compared to analysts’ expectations of $383.53 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, research analysts predict that Hillman Solutions will post 0.52 EPS for the current year.

Analysts Set New Price Targets

HLMN has been the topic of a number of recent analyst reports. Barclays boosted their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Canaccord Genuity Group raised their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HLMN. Allspring Global Investments Holdings LLC boosted its stake in shares of Hillman Solutions by 158.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock valued at $62,518,000 after buying an additional 4,336,039 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hillman Solutions by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after acquiring an additional 578,042 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Hillman Solutions by 271.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock valued at $6,168,000 after acquiring an additional 509,219 shares during the period. Reinhart Partners LLC. lifted its position in shares of Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after acquiring an additional 503,809 shares during the period. Finally, Roubaix Capital LLC acquired a new stake in shares of Hillman Solutions during the 1st quarter worth $4,498,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.