SG Americas Securities LLC Purchases 12,309 Shares of Holley Inc. (NYSE:HLLY)

SG Americas Securities LLC lifted its position in Holley Inc. (NYSE:HLLY) by 75.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,577 shares of the company’s stock after buying an additional 12,309 shares during the period. SG Americas Securities LLC’s holdings in Holley were worth $139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Holley in the 3rd quarter worth $1,539,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Holley in the 3rd quarter worth $61,000. Bamco Inc. NY boosted its stake in Holley by 11.1% in the 3rd quarter. Bamco Inc. NY now owns 5,000,000 shares of the company’s stock worth $24,950,000 after purchasing an additional 500,000 shares during the period. Swiss National Bank acquired a new position in Holley in the 3rd quarter worth $519,000. Finally, Baker Tilly Wealth Management LLC boosted its stake in Holley by 11.7% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 32,659 shares of the company’s stock worth $159,000 after purchasing an additional 3,414 shares during the period. 39.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Holley

In related news, Director Graham Clempson purchased 59,076 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $4.18 per share, with a total value of $246,937.68. Following the acquisition, the director now directly owns 63,851 shares in the company, valued at $266,897.18. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLLY. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Holley in a research note on Thursday, February 29th. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of Holley in a research note on Thursday, March 28th. JPMorgan Chase & Co. downgraded shares of Holley from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $6.50 to $5.00 in a research note on Tuesday, February 20th. Canaccord Genuity Group reduced their price objective on shares of Holley from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Finally, Truist Financial reduced their price objective on shares of Holley from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

Holley Stock Down 0.1 %

Holley stock opened at $4.15 on Wednesday. The stock has a market cap of $492.43 million, a P/E ratio of 24.38 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 3.17 and a debt-to-equity ratio of 1.31. Holley Inc. has a twelve month low of $2.08 and a twelve month high of $8.06. The company’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $4.48.

Holley (NYSE:HLLY) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $153.26 million. Holley had a net margin of 2.91% and a return on equity of 5.77%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) EPS. As a group, analysts expect that Holley Inc. will post 0.33 EPS 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.