Holley Inc. (NYSE:HLLY) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Holley Inc. (NYSE:HLLY - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,337,982 shares of the company's stock after acquiring an additional 170,132 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 8.62% of Holley worth $26,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bamco Inc. NY lifted its position in Holley by 33.3% during the fourth quarter. Bamco Inc. NY now owns 4,000,000 shares of the company's stock valued at $12,080,000 after acquiring an additional 1,000,000 shares during the last quarter. Blue Owl Capital Holdings LP increased its position in shares of Holley by 17.3% during the fourth quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company's stock worth $9,031,000 after purchasing an additional 440,040 shares in the last quarter. Boston Partners acquired a new position in shares of Holley during the fourth quarter worth $4,746,000. Dimensional Fund Advisors LP lifted its holdings in shares of Holley by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company's stock valued at $3,564,000 after purchasing an additional 104,071 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Holley by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,159,335 shares of the company's stock worth $3,502,000 after purchasing an additional 21,524 shares in the last quarter. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HLLY. Telsey Advisory Group reduced their target price on Holley from $4.50 to $2.75 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Raymond James Financial upped their price objective on shares of Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a report on Wednesday, March 12th. Canaccord Genuity Group lowered 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, May 8th. Truist Financial dropped their target price 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. Finally, Benchmark lowered shares of Holley from a "buy" rating to a "hold" rating and set a $5.00 price objective on the stock. in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Holley has a consensus rating of "Moderate Buy" and an average target price of $3.85.

Holley Stock Performance

Shares of NYSE:HLLY traded up $0.01 during trading on Friday, hitting $2.26. 361,203 shares of the stock traded hands, compared to its average volume of 458,387. The company has a quick ratio of 0.98, a current ratio of 2.86 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.49. Holley Inc. has a 52-week low of $1.60 and a 52-week high of $4.08. The company has a market cap of $271.01 million, a price-to-earnings ratio of -10.74 and a beta of 1.35.

Holley (NYSE:HLLY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). Holley had a negative net margin of 4.05% and a positive return on equity of 6.18%. The firm had revenue of $153.04 million during the quarter, compared to analysts' expectations of $148.52 million. As a group, equities analysts predict that Holley Inc. will post 0.12 EPS for the current year.

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.