The Attractiveness of Investing In Hillman Solutions Corp. (HLMN) is Growing

ZOM Stock
ZOM Stock

In a filing, Hillman Solutions Corp. revealed its Director Woodlief Philip acquired Company’s shares for reported $79100.0 on May 18. In the deal valued at $7.91 per share,10,000 shares were bought. As a result of this transaction, Woodlief Philip now holds 27,537 shares worth roughly $ 0.25 million.

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Then, CCMP Capital, LP sold 22,455,000 shares, generating $172,652,004 in total proceeds. Upon selling the shares at $7.69, the 10% Owner now owns 0 shares.

Before that, CCMP Capital, LP sold 28,750,000 shares. Hillman Solutions Corp. shares valued at $230,000,000 were divested by the 10% Owner at a price of $8.00 per share. As a result of the transaction, CCMP Capital, LP now holds 975,677 shares, worth roughly $8.92 million.

Canaccord Genuity initiated its Hillman Solutions Corp. [HLMN] rating to a Buy in a research note published on Friday, July 11, 2023; the price target was $12. PT values the company’s stock at a premium of 23.83 to its Friday closing price.

Price Performance Review of HLMN

On Friday, Hillman Solutions Corp. [NASDAQ:HLMN] saw its stock jump 0.99% to $9.14. On the same session, the stock had its day’s lowest price of $9.095, but rose to a high of $9.26. Over the last five days, the stock has gained 0.11%. Hillman Solutions Corp. shares have risen nearly 26.77% since the year began. Nevertheless, the stocks have risen 8.94% over the past one year. While a 52-week high of $10.28 was reached on 02/02/23, a 52-week low of $6.59 was recorded on 01/03/23. SMA at 50 days reached $9.26, while 200 days put it at $8.54. A total of 1.32 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For HLMN Stock

The 24-hour chart illustrates a support level at 9.07, which if violated will result in even more drops to 9.00. On the upside, there is a resistance level at 9.24. A further resistance level may holdings at 9.33. The Relative Strength Index (RSI) on the 14-day chart is 46.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.79%. Stochastics %K at 32.95% indicates the stock is a holding.

How much short interest is there in Hillman Solutions Corp.?

A steep rise in short interest was recorded in Hillman Solutions Corp. stocks on Aug 14, 2023, dropping by -0.91 million shares to a total of 5.57 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.48 million shares. There was a decline of -16.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.53.

Hillman Solutions Corp. [HLMN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,263,997 shares, or roughly 8.87% of the outstanding HLMN shares. In other words, the investor’s shares have risen by 2,631,252 from its previous 13-F filing of 14632745.0. Additionally, Kayne Anderson Rudnick Investment decreased -4.13% of its stake after which the total value it holdings stand at $159,646,167, while BlackRock Fund Advisors added 22.78% of its stake to hold $103.25 million in the firm. Over the last quarter, JPMorgan Investment Management, I purchased 236,383 shares of Hillman Solutions Corp., while Jefferies LLC bought 0 shares. At present, Conestoga Capital Advisors LLC is holding 9,087,026 shares valued at $89.42 million. Neuberger Berman Investment Advis owned 8,282,130 shares of the company at the time of its most recent 13F filing, worth $81.5 million.

According to FactSet, Hillman Solutions Corp.’s share price will average $11.56 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.07 percent from its previous closing price of $9.05. Analysts expect Hillman Solutions Corp. stock to reach the higher price of $13.00, while the lowest price estimate is $10.00. However, 10 analysts have rated HLMN stock as a Buy in their predictions for 2023.


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