14,420 Shares in Holley Inc. (NYSE:HLLY) Acquired by Williams & Novak LLC

Williams & Novak LLC purchased a new stake in Holley Inc. (NYSE:HLLY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,420 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors also recently made changes to their positions in the company. Cottonwood Capital Advisors LLC purchased a new position in shares of Holley in the 4th quarter worth $32,000. Verition Fund Management LLC acquired a new stake in Holley during the third quarter worth about $35,000. Intech Investment Management LLC purchased a new position in shares of Holley in the 3rd quarter worth about $41,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Holley in the 2nd quarter valued at about $42,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Holley by 25.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock worth $48,000 after purchasing an additional 3,210 shares during the period. 39.70% of the stock is owned by hedge funds and other institutional investors.

Holley Price Performance

HLLY opened at $3.16 on Wednesday. Holley Inc. has a twelve month low of $2.29 and a twelve month high of $5.23. The firm has a market cap of $377.97 million, a price-to-earnings ratio of 24.27 and a beta of 1.42. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The company has a fifty day simple moving average of $2.93 and a 200 day simple moving average of $3.05.

Holley (NYSE:HLLY) last announced its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The business had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $142.53 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. Equities research analysts expect that Holley Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the transaction, the director now directly owns 41,556,961 shares of the company’s stock, valued at $124,670,883. This trade represents a 4.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.50 price target on shares of Holley in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Holley currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

About Holley

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.