Hillman Solutions Corp (NASDAQ:HLMN) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 131.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,611,051 shares of the company’s stock after buying an additional 914,151 shares during the quarter. Hillman Solutions comprises about 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Harbor Capital Advisors Inc. owned about 0.82% of Hillman Solutions worth $17,013,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of HLMN. Canada Pension Plan Investment Board purchased a new position in Hillman Solutions during the second quarter worth about $57,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after purchasing an additional 4,473 shares during the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of Hillman Solutions during the 2nd quarter worth $101,000. Stratos Wealth Advisors LLC purchased a new position in shares of Hillman Solutions in the 3rd quarter worth $132,000. Finally, MBB Public Markets I LLC acquired a new position in Hillman Solutions in the second quarter valued at $133,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $10.82 on Friday. The company’s fifty day moving average price is $10.25 and its two-hundred day moving average price is $9.63. 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 firm has a market capitalization of $2.12 billion, a P/E ratio of 360.79 and a beta of 1.65. Hillman Solutions Corp has a 12 month low of $6.02 and a 12 month high of $11.15.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays upped their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.08.

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.