David S. Lobel Sells 1,743,356 Shares of Holley Inc. (NYSE:HLLY) Stock

Holley Inc. (NYSE:HLLY) Director David S. Lobel sold 1,743,356 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the transaction, the director now directly owns 41,556,961 shares in the company, valued at $124,670,883. This trade represents a 4.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Holley Stock Performance

Shares of NYSE:HLLY opened at $2.74 on Friday. The firm has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $3.15. Holley Inc. has a 52 week low of $2.29 and a 52 week high of $5.23. 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 has a market capitalization of $328.24 million, a P/E ratio of 21.08 and a beta of 1.47.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Holley

Large investors have recently modified their holdings of the stock. Verition Fund Management LLC bought a new stake in Holley in the third quarter worth $35,000. Intech Investment Management LLC purchased a new stake in shares of Holley in the third quarter valued at $41,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Holley in the second quarter valued at $42,000. SG Americas Securities LLC bought a new stake in shares of Holley in the 3rd quarter worth about $52,000. Finally, Virtu Financial LLC purchased a new position in shares of Holley during the 3rd quarter worth about $54,000. Institutional investors own 39.70% of the company’s stock.

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.