The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hillman Solutions Corp. shares valued at $104,500 were purchased by O Leary Dan on May 12. At $10.45 per share, O Leary Dan acquired 10,000 shares. The insider’s holdings grew to 17,207 shares worth approximately $0.13 million following the completion of this transaction.
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Also, CCMP Capital, LP sold 12,347,733 shares, netting a total of over 123,477,330 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 2,589,858 shares.
Before that, FAGUNDO RANDALL J had added 9,400 shares to its account. In a trade valued at $99,169, the Div. Pres. – Robo. and Digital bought Hillman Solutions Corp. shares for $10.55 each. Upon closing the transaction, the insider’s holdings increased to 9,400 shares, worth approximately $0.25 million.
As published in their initiating research note from Barclays on April 22, 2022, Hillman Solutions Corp. [HLMN] has been an Overweight and the price target has been revised to $15. This represents a 48.8% premium over Wednesday’s closing price. Analysts at Colliers Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of September 21, 2021, CJS Securities has initiated its “Market outperform” rating for HLMN. Earlier on August 13, 2021, Raymond James initiated its rating. Their recommendation was “an Outperform” for HLMN stock.
Analyzing HLMN’s Price Performance
On Wednesday, Hillman Solutions Corp. [NASDAQ: HLMN] plunged -0.52% to $7.68. The stock’s lowest price that day was $7.65, but it reached a high of $8.01 in the same session. During the last five days, there has been a drop of approximately -6.80%. Over the course of the year, Hillman Solutions Corp. shares have dropped approximately -28.56%. Shares of the company reached a 52-week high of $12.45 on 06/06/22 and a 52-week low of $7.64 on 09/20/22. A 50-day SMA is recorded $9.02, while a 200-day SMA reached $9.99. Nevertheless, trading volume fell to 1.14 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Hillman Solutions Corp. (HLMN)
According to the 24-hour chart, there is a support level at 7.55, which, if violated, would cause prices to drop to 7.42. In the upper region, resistance lies at 7.91. The next price resistance is at 8.14. RSI (Relative Strength Index) is 29.70 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 96.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Hillman Solutions Corp. subject to short interest?
Stocks of Hillman Solutions Corp. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.56 million shares to 12.83 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.27 million shares. A jump of 27.75% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.79 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.79.
Which companies own the most shares of Hillman Solutions Corp. (HLMN)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,914,715 shares, which is about 5.62% of the total HLMN shares outstanding. The investor’s shares have appreciated by 2,233,047 from its previous 13-F filing of 8681668.0 shares. With the completion of the buy transaction, Kayne Anderson Rudnick Investment’s stake is now worth $71,723,064. A total of -201,118 shares of Hillman Solutions Corp. were bought by JPMorgan Investment Management, I during the quarter, and 157,377 were bought by Burgundy Asset Management Ltd. In its current portfolio, BlackRock Fund Advisors holds 7,381,799 shares valued at $61.93 million.
In terms of Hillman Solutions Corp. share price expectations, FactSet research, analysts set an average price target of $12.71 in the next 12 months, up nearly 55.44% from the previous closing price of $7.72. Analysts anticipate Hillman Solutions Corp. stock to reach $15.00 by 2022, with the lowest price target being $11.00. In spite of this, 8 analysts ranked Hillman Solutions Corp. stock as a Buy at the end of 2022. On August 10, 2021, Robert W. Baird assigned a price target of “an Outperform” to the stock and initiated coverage with a $17.