Hillman Solutions Corp (NASDAQ:HLMN) Sees Significant Increase in Short Interest

Hillman Solutions Corp (NASDAQ:HLMN) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,490,000 shares, an increase of 47.9% from the February 13th total of 2,360,000 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily volume of 979,300 shares, the short-interest ratio is presently 3.6 days.

Institutional Trading of Hillman Solutions

A number of large investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its stake in Hillman Solutions by 62.6% during the 4th quarter. Mackenzie Financial Corp now owns 20,485 shares of the company’s stock worth $200,000 after purchasing an additional 7,890 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Hillman Solutions during the 4th quarter worth approximately $674,000. Burgundy Asset Management Ltd. increased its stake in Hillman Solutions by 1.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock worth $86,452,000 after purchasing an additional 160,505 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Hillman Solutions during the 4th quarter worth approximately $345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hillman Solutions by 25.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 372,328 shares of the company’s stock worth $3,626,000 after acquiring an additional 74,506 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HLMN shares. Robert W. Baird cut their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Barclays cut their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Benchmark restated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions Trading Down 0.9 %

Shares of NASDAQ:HLMN traded down $0.08 during mid-day trading on Monday, reaching $9.17. The stock had a trading volume of 652,783 shares, compared to its average volume of 866,577. The firm has a market cap of $1.81 billion, a PE ratio of 114.64 and a beta of 1.68. The firm has a 50 day simple moving average of $9.90 and a two-hundred day simple moving average of $10.29. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions has a twelve month low of $8.43 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts predict that Hillman Solutions will post 0.58 EPS 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.