👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Hillman Solutions director sells shares worth $221,129

Published 09/12/2024, 14:08
HLMN
-

Philip Woodlief, a director at Hillman Solutions Corp. (NASDAQ:HLMN), a company with a market capitalization of $2.19 billion and currently trading at a notably high P/E ratio of 260, recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On December 6, Woodlief sold 19,779 shares of Hillman Solutions' common stock at an average price of $11.18 per share, totaling approximately $221,129.

In a related transaction, Woodlief acquired the same number of shares, 19,779, through the exercise of stock options at a price of $6.07 per share. After these transactions, Woodlief's direct ownership in Hillman Solutions stands at 55,811 shares.

In other recent news, Hillman Solutions Corporation disclosed mixed results in its third-quarter earnings call for 2024. The company reported a slight dip in net sales, settling at $393.3 million, a 1.4% decrease year-over-year. However, adjusted EBITDA saw an increase of 9%, reaching $72.6 million. Hillman Solutions also revised its full-year net sales guidance to $1.455 billion to $1.485 billion, a 4% increase from the previous year.

The company highlighted its acquisition of Intex, which it anticipates will stimulate growth. Additionally, Hillman Solutions announced a planned leadership transition to Jon Michael Adinolfi in January 2025. Despite facing challenges such as True Value's Chapter 11 filing, the company remains optimistic about its strategic acquisitions and customer relationships.

Hillman Solutions is projecting net sales for 2024 to be between $1.455 billion and $1.485 billion, and expects adjusted EBITDA to reach approximately $250 million, a 14% increase from 2023. It is worth noting that these are recent developments and investors should pay close attention to Hillman Solutions' strategic moves in the upcoming months.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.