WCM Investment Management LLC reduced its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,183,020 shares of the company's stock after selling 92,817 shares during the quarter. WCM Investment Management LLC owned 1.62% of Hillman Solutions worth $30,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock worth $35,000 after purchasing an additional 2,317 shares during the last quarter. R Squared Ltd bought a new stake in shares of Hillman Solutions in the fourth quarter worth $32,000. Quarry LP purchased a new stake in Hillman Solutions during the third quarter valued at $43,000. The Manufacturers Life Insurance Company lifted its holdings in Hillman Solutions by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company's stock valued at $892,000 after acquiring an additional 4,581 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Hillman Solutions by 20.0% in the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company's stock worth $357,000 after purchasing an additional 5,273 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.
HLMN has been the topic of a number of research reports. Benchmark raised their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Canaccord Genuity Group boosted their price objective 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. Robert W. Baird upped their price objective on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Barclays reduced their price target on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Finally, William Blair lowered shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Hillman Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.
Read Our Latest Stock Report on HLMN
NASDAQ:HLMN opened at $10.03 on Friday. The stock has a 50-day moving average price of $10.20 and a 200 day moving average price of $10.23. The stock has a market capitalization of $1.97 billion, a P/E ratio of 250.81 and a beta of 1.68. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month 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.
In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares in the company, valued at $750,133.54. This trade represents a 50.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Philip Woodlief sold 19,779 shares of the company's stock in a transaction that occurred on 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. This trade represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company's stock.
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.
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