Bamco Inc. NY lifted its stake in shares of Holley Inc. (NYSE:HLLY - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,000,000 shares of the company's stock after acquiring an additional 1,000,000 shares during the period. Bamco Inc. NY owned 3.34% of Holley worth $12,080,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of HLLY. Blue Owl Capital Holdings LP lifted its holdings in shares of Holley by 17.3% in the 4th quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company's stock worth $9,031,000 after acquiring an additional 440,040 shares during the last quarter. Boston Partners purchased a new position in Holley in the fourth quarter valued at approximately $4,746,000. Skylands Capital LLC boosted its holdings in shares of Holley by 4.3% in the 4th quarter. Skylands Capital LLC now owns 1,193,983 shares of the company's stock valued at $3,606,000 after buying an additional 49,383 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Holley by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company's stock worth $3,564,000 after acquiring an additional 104,071 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Holley by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,159,335 shares of the company's stock valued at $3,502,000 after acquiring an additional 21,524 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company's stock.
Holley Price Performance
Shares of HLLY stock traded down $0.03 during midday trading on Friday, reaching $1.91. 992,340 shares of the company traded hands, compared to its average volume of 433,963. The firm's 50 day simple moving average is $2.32 and its two-hundred day simple moving average is $2.68. The firm has a market cap of $228.52 million, a PE ratio of 14.65 and a beta of 1.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. Holley Inc. has a 1-year low of $1.60 and a 1-year high of $4.08.
Holley (NYSE:HLLY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a net margin of 2.55% and a return on equity of 2.59%. The firm had revenue of $153.04 million during the quarter, compared to analyst estimates of $148.52 million. On average, equities research analysts expect that Holley Inc. will post 0.12 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on HLLY. Raymond James lifted their price target on Holley from $3.00 to $3.50 and gave the stock an "outperform" rating in a research report on Wednesday, March 12th. Telsey Advisory Group dropped their target price on Holley from $4.50 to $2.75 and set an "outperform" rating on the stock in a report on Thursday. Truist Financial lowered their price objective on shares of Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Canaccord Genuity Group reduced their target price on shares of Holley from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Benchmark lowered shares of Holley from a "buy" rating to a "hold" rating and set a $5.00 price target on the stock. in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Holley presently has a consensus rating of "Moderate Buy" and an average price target of $3.85.
View Our Latest Research Report on HLLY
About Holley
(
Free Report)
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.
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