Hillman Solutions Corp (NASDAQ:HLMN) Short Interest Up 47.9% in February

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 days-to-cover ratio is presently 3.6 days.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently bought and sold shares of HLMN. Federated Hermes Inc. bought a new position in shares of Hillman Solutions in the fourth quarter worth approximately $25,000. R Squared Ltd bought a new position in shares of Hillman Solutions in the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its stake in shares of 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 buying an additional 2,317 shares in the last quarter. Quarry LP bought a new position in shares of Hillman Solutions in the third quarter worth approximately $43,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after buying an additional 4,572 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

HLMN has been the topic of a number of analyst reports. Robert W. Baird decreased 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. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Barclays decreased their price objective 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Trading Up 1.0 %

Shares of NASDAQ HLMN traded up $0.09 during midday trading on Friday, hitting $9.25. 868,469 shares of the company traded hands, compared to its average volume of 959,544. Hillman Solutions has a 12-month low of $8.43 and a 12-month high of $12.08. 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 50-day moving average price of $9.90 and a 200 day moving average price of $10.29. The firm has a market cap of $1.83 billion, a P/E ratio of 115.64 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate 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 firm earned $0.10 EPS. As a group, analysts expect that Hillman Solutions will post 0.58 earnings per share for the current year.

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.