Holley Inc. (NYSE:HLLY) Director Sells $5,230,068.00 in Stock

Holley Inc. (NYSE:HLLY) Director David S. Lobel sold 1,743,356 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.00, for a total value of $5,230,068.00. Following the transaction, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. The trade was a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Holley Stock Performance

Shares of NYSE HLLY opened at $2.74 on Friday. Holley Inc. has a twelve month low of $2.29 and a twelve month high of $5.23. The company has a quick ratio of 1.17, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $3.15. The firm has a market cap of $328.24 million, a PE ratio of 21.08 and a beta of 1.47.

Holley (NYSE:HLLY) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The business had revenue of $134.00 million during 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 last year, the company earned $0.03 earnings per share. Analysts expect that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on HLLY. Telsey Advisory Group decreased their target price on Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Holley in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Hedge Funds Weigh In On Holley

Hedge funds and other institutional investors have recently modified their holdings of the business. Verition Fund Management LLC purchased a new stake in Holley during the third quarter worth $35,000. Intech Investment Management LLC bought a new position in shares of Holley in the 3rd quarter worth $41,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Holley during the 2nd quarter worth $42,000. SG Americas Securities LLC bought a new stake in Holley during the third quarter valued at about $52,000. Finally, Virtu Financial LLC purchased a new position in Holley in the third quarter valued at about $54,000. 39.70% of the stock is currently owned by institutional investors.

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.