CHURCHILL MANAGEMENT Corp Invests $3.53 Million in Hillman Solutions Corp (NASDAQ:HLMN)

CHURCHILL MANAGEMENT Corp bought a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 297,140 shares of the company’s stock, valued at approximately $3,530,000. CHURCHILL MANAGEMENT Corp owned approximately 0.15% of Hillman Solutions at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HLMN. Geode Capital Management LLC purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $10,467,000. Franklin Resources Inc. purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $616,000. Royal Bank of Canada purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $3,200,000. Marshall Wace LLP purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $151,000. Finally, Millennium Management LLC purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $16,093,000.

In other news, major shareholder Ccmp Capital, Lp sold 12,347,733 shares of the firm’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $10.00, for a total transaction of $123,477,330.00. Following the sale, the insider now owns 2,589,858 shares in the company, valued at $25,898,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leary Dan O acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were acquired at an average price of $10.45 per share, for a total transaction of $104,500.00. Following the acquisition, the director now directly owns 17,207 shares of the company’s stock, valued at $179,813.15. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:HLMN opened at $9.46 on Thursday. The business’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $10.45. The company has a current ratio of 2.48, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80. Hillman Solutions Corp has a one year low of $8.12 and a one year high of $13.46.

Hillman Solutions (NASDAQ:HLMN – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $363.01 million for the quarter, compared to analyst estimates of $363.00 million. Hillman Solutions’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. As a group, sell-side analysts expect that Hillman Solutions Corp will post 0.26 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on HLMN shares. Barclays started coverage on Hillman Solutions in a research note on Friday, April 22nd. They issued an “overweight” rating and a $15.00 price objective for the company. Raymond James dropped their price objective on Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, March 3rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $15.93.

About Hillman Solutions (Get Rating)

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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