WCM Investment Management LLC Trims Stake in Hillman Solutions Corp (NASDAQ:HLMN)

WCM Investment Management LLC lowered its position in Hillman Solutions Corp (NASDAQ:HLMN) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,183,020 shares of the company’s stock after selling 92,817 shares during the quarter. WCM Investment Management LLC’s holdings in Hillman Solutions were worth $30,843,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HLMN. R Squared Ltd purchased a new position in Hillman Solutions during the 4th quarter valued at $32,000. First Horizon Advisors Inc. boosted its stake in shares of Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 shares during the period. Quarry LP purchased a new position in Hillman Solutions in the 3rd quarter worth about $43,000. Entropy Technologies LP bought a new stake in Hillman Solutions during the 4th quarter valued at about $106,000. Finally, Stratos Wealth Advisors LLC purchased a new stake in Hillman Solutions in the 3rd quarter valued at about $132,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Buying and Selling at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the sale, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Hillman Solutions Stock Down 0.8 %

NASDAQ:HLMN opened at $10.03 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The stock has a market capitalization of $1.97 billion, a P/E ratio of 250.81 and a beta of 1.68. The company’s 50-day simple moving average is $10.20 and its 200-day simple moving average is $10.23. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays lowered their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Benchmark raised their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hillman Solutions has an average rating of “Moderate Buy” and an average price target of $14.00.

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.