Catalyst Funds Management Pty Ltd Takes $31,000 Position in Holley Inc. (NYSE:HLLY)

Catalyst Funds Management Pty Ltd bought a new stake in Holley Inc. (NYSE:HLLY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,200 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in Holley by 25.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock valued at $48,000 after purchasing an additional 3,210 shares during the last quarter. Aigen Investment Management LP lifted its stake in Holley by 22.1% in the fourth quarter. Aigen Investment Management LP now owns 18,693 shares of the company’s stock valued at $56,000 after purchasing an additional 3,389 shares during the last quarter. SG Americas Securities LLC lifted its stake in Holley by 39.8% in the fourth quarter. SG Americas Securities LLC now owns 24,590 shares of the company’s stock valued at $74,000 after purchasing an additional 7,002 shares during the last quarter. Zacks Investment Management lifted its stake in Holley by 69.5% in the third quarter. Zacks Investment Management now owns 19,658 shares of the company’s stock valued at $58,000 after purchasing an additional 8,061 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in Holley in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Holley Trading Down 1.0 %

NYSE:HLLY opened at $2.41 on Monday. The company has a market cap of $288.11 million, a P/E ratio of 18.50 and a beta of 1.44. The stock’s fifty day moving average price is $2.87 and its two-hundred day moving average price is $2.89. Holley Inc. has a 1 year low of $2.26 and a 1 year high of $4.58. 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 (NYSE:HLLY) last posted its earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. Holley had a return on equity of 2.59% and a net margin of 2.55%. The firm had revenue of $140.05 million for the quarter, compared to the consensus estimate of $137.60 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The business’s quarterly revenue was down 10.1% on a year-over-year basis. As a group, analysts expect that Holley Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

HLLY has been the topic of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $4.50 price objective on shares of Holley in a research note on Wednesday, March 12th. Raymond James increased their target price on Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.80.

About Holley

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.