Barclays PLC Boosts Position in Holley Inc. (NYSE:HLLY)

Barclays PLC boosted its position in shares of Holley Inc. (NYSE:HLLY) by 288.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,795 shares of the company’s stock after acquiring an additional 56,277 shares during the quarter. Barclays PLC owned 0.06% of Holley worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. ClariVest Asset Management LLC grew its holdings in Holley by 1.8% during the second quarter. ClariVest Asset Management LLC now owns 308,456 shares of the company’s stock valued at $1,104,000 after purchasing an additional 5,431 shares during the period. American Century Companies Inc. boosted its stake in shares of Holley by 23.3% in the second quarter. American Century Companies Inc. now owns 64,383 shares of the company’s stock worth $230,000 after acquiring an additional 12,186 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Holley by 52.3% in the second quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company’s stock worth $3,491,000 after acquiring an additional 334,940 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Holley by 665.2% in the second quarter. Renaissance Technologies LLC now owns 131,500 shares of the company’s stock worth $471,000 after acquiring an additional 114,314 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Holley in the second quarter worth about $42,000. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Holley Trading Down 0.7 %

Shares of HLLY stock opened at $3.03 on Tuesday. Holley Inc. has a 1 year low of $2.29 and a 1 year high of $5.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $2.82 and its two-hundred day simple moving average is $3.10. The company has a market cap of $362.98 million, a PE ratio of 23.31 and a beta of 1.42.

Holley (NYSE:HLLY) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share 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 business had revenue of $134.00 million during the quarter, compared to analysts’ expectations of $142.53 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Research analysts predict that Holley Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group dropped their price objective on Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Holley currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Insider Buying and Selling

In related news, Director David S. Lobel sold 1,743,356 shares of the stock in a transaction that occurred 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 transaction, the director now owns 41,556,961 shares of the company’s stock, valued at $124,670,883. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by insiders.

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.