Mink Brook Asset Management LLC Makes New Investment in Holley Inc. (NYSE:HLLY)

Mink Brook Asset Management LLC bought a new position in shares of Holley Inc. (NYSE:HLLY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 551,738 shares of the company's stock, valued at approximately $1,666,000. Holley makes up 1.6% of Mink Brook Asset Management LLC's portfolio, making the stock its 14th largest position. Mink Brook Asset Management LLC owned 0.46% of Holley at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new stake in Holley during the 4th quarter valued at approximately $26,000. Atria Wealth Solutions Inc. bought a new stake in shares of Holley in the 4th quarter worth approximately $30,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Holley in the 4th quarter worth approximately $31,000. Cottonwood Capital Advisors LLC bought a new stake in shares of Holley in the 4th quarter worth approximately $32,000. Finally, Williams & Novak LLC bought a new stake in shares of Holley in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 39.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark cut Holley from a "buy" rating to a "hold" rating and set a $5.00 price objective on the stock. in a research report on Friday. Canaccord Genuity Group decreased 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 decreased their target price on shares of Holley from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James boosted their target price on shares of Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, March 12th. Finally, Telsey Advisory Group decreased their target price on shares of Holley from $4.50 to $2.75 and set an "outperform" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $3.85.

Holley Stock Up 17.2%

Shares of NYSE:HLLY opened at $2.22 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. Holley Inc. has a 12 month low of $1.60 and a 12 month high of $4.08. The company has a 50-day moving average price of $2.32 and a 200 day moving average price of $2.67. The company has a market cap of $265.71 million, a price-to-earnings ratio of 17.04 and a beta of 1.43.

Holley (NYSE:HLLY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $153.04 million during the quarter, compared to the consensus estimate of $148.52 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. As a group, equities research analysts predict that Holley Inc. will post 0.12 earnings per share for the current year.

Holley 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.

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