Blue Owl Capital Holdings LP Has $9.03 Million Position in Holley Inc. (NYSE:HLLY)

Blue Owl Capital Holdings LP raised its holdings in Holley Inc. (NYSE:HLLY - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,990,294 shares of the company's stock after acquiring an additional 440,040 shares during the period. Holley comprises about 2.1% of Blue Owl Capital Holdings LP's investment portfolio, making the stock its 11th largest holding. Blue Owl Capital Holdings LP owned about 2.50% of Holley worth $9,031,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HLLY. Boston Partners acquired a new stake in shares of Holley during the fourth quarter worth about $4,746,000. Russell Investments Group Ltd. raised its position in shares of Holley by 12,719.0% during the fourth quarter. Russell Investments Group Ltd. now owns 819,136 shares of the company's stock worth $2,474,000 after purchasing an additional 812,746 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Holley during the fourth quarter worth about $1,058,000. First Eagle Investment Management LLC raised its position in shares of Holley by 158.9% during the fourth quarter. First Eagle Investment Management LLC now owns 211,087 shares of the company's stock worth $637,000 after purchasing an additional 129,569 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Holley by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company's stock worth $3,564,000 after purchasing an additional 104,071 shares during the period. Institutional investors and hedge funds own 39.70% of the company's stock.

Holley Stock Down 0.7 %

Shares of NYSE:HLLY traded down $0.02 during mid-day trading on Tuesday, reaching $2.08. 90,551 shares of the stock were exchanged, compared to its average volume of 454,820. 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 stock's 50 day simple moving average is $2.45 and its 200-day simple moving average is $2.73. The company has a market cap of $248.91 million, a P/E ratio of 15.96 and a beta of 1.41. Holley Inc. has a one year low of $1.93 and a one year high of $4.18.

Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.09. The firm had revenue of $140.05 million during the quarter, compared to the consensus estimate of $137.60 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. The business's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. As a group, equities research analysts predict that Holley Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLLY. Telsey Advisory Group reaffirmed an "outperform" rating and set a $4.50 price target on shares of Holley in a research report on Wednesday, March 12th. Raymond James increased their price objective on Holley from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Finally, Truist Financial decreased their price objective on Holley from $5.00 to $3.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $6.00.

Holley Company Profile

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.