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 Holley stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.00, for a total value of $5,230,068.00. Following the sale, the director now owns 41,556,961 shares in the company, valued at $124,670,883. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Holley Price Performance

Shares of NYSE HLLY opened at $2.74 on Thursday. The stock has a fifty day moving average of $2.79 and a 200-day moving average of $3.15. Holley Inc. has a fifty-two week low of $2.29 and a fifty-two week high of $5.23. The stock has a market cap of $328.24 million, a PE ratio of 21.08 and a beta of 1.47. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93.

Holley (NYSE:HLLY) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $134.00 million during the quarter, compared to the consensus estimate of $142.53 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. Holley’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. Equities research analysts anticipate that Holley Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of Holley

A number of hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new position in shares of Holley in the 3rd quarter worth about $35,000. Intech Investment Management LLC bought a new position in Holley during the third quarter valued at approximately $41,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Holley during the second quarter worth approximately $42,000. SG Americas Securities LLC bought a new stake in shares of Holley in the 3rd quarter worth approximately $52,000. Finally, Virtu Financial LLC purchased a new stake in shares of Holley in the 3rd quarter valued at $54,000. 39.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HLLY has been the topic of a number of research reports. Telsey Advisory Group lowered their price target on shares of Holley from $5.50 to $4.50 and set an “outperform” rating on the stock in a report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

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.