Mirae Asset Global Investments Co. Ltd. Acquires 9,587 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,900 shares of the company’s stock after buying an additional 9,587 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hillman Solutions were worth $810,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 11.0% during the fourth quarter. Reinhart Partners LLC. now owns 6,717,618 shares of the company’s stock worth $61,869,000 after buying an additional 663,417 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Hillman Solutions during the fourth quarter worth about $380,000. Vanguard Group Inc. grew its holdings in shares of Hillman Solutions by 9.2% during the third quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock worth $158,044,000 after buying an additional 1,613,190 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Hillman Solutions by 21.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 185,607 shares of the company’s stock worth $1,531,000 after buying an additional 32,765 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Hillman Solutions by 7.3% during the third quarter. Wellington Management Group LLP now owns 4,717,999 shares of the company’s stock worth $38,923,000 after buying an additional 320,371 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of research reports. Canaccord Genuity Group increased their price objective on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Barclays increased their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and an average price target of $11.63.

Hillman Solutions Stock Performance

HLMN opened at $9.69 on Thursday. Hillman Solutions Corp has a 12-month low of $6.02 and a 12-month high of $10.85. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -193.76 and a beta of 1.72. The business has a 50 day moving average of $9.82 and a 200-day moving average of $8.69. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The company had revenue of $347.81 million during the quarter, compared to analysts’ expectations of $344.98 million. During the same period last year, the firm posted $0.05 earnings per share. The business’s revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Hillman Solutions Corp will post 0.49 earnings per share for the current year.

Insider Activity

In other news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the sale, the insider now directly owns 45,440 shares of the company’s stock, valued at $437,587.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Randall J. Fagundo sold 250,546 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the transaction, the insider now owns 45,440 shares in the company, valued at $437,587.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Randall J. Fagundo sold 85,207 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $9.58, for a total value of $816,283.06. Following the transaction, the insider now owns 45,440 shares in the company, valued at approximately $435,315.20. The disclosure for this sale can be found here. Insiders sold a total of 618,658 shares of company stock valued at $5,958,077 over the last three months. Insiders own 4.10% of the company’s stock.

About Hillman Solutions

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.