Boston Partners Raises Holdings in Holley Inc. $HLLY

Boston Partners lifted its position in Holley Inc. (NYSE:HLLY) by 84.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,807,536 shares of the company’s stock after buying an additional 2,206,737 shares during the period. Boston Partners owned approximately 4.00% of Holley worth $9,615,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HLLY. Los Angeles Capital Management LLC acquired a new position in Holley during the second quarter valued at $47,000. Intech Investment Management LLC boosted its stake in shares of Holley by 16.3% in the second quarter. Intech Investment Management LLC now owns 36,550 shares of the company’s stock worth $73,000 after acquiring an additional 5,122 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Holley during the first quarter worth $123,000. JPMorgan Chase & Co. lifted its stake in Holley by 195.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,512 shares of the company’s stock worth $155,000 after purchasing an additional 51,247 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Holley by 51.1% in the 2nd quarter. Rhumbline Advisers now owns 103,287 shares of the company’s stock valued at $207,000 after buying an additional 34,914 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Insider Buying and Selling at Holley

In other news, Director David S. Lobel sold 2,100,000 shares of Holley stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total transaction of $5,523,000.00. Following the sale, the director owned 24,654,834 shares of the company’s stock, valued at approximately $64,842,213.42. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HLLY has been the subject of a number of recent analyst reports. Telsey Advisory Group lifted their price target on shares of Holley from $3.50 to $5.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. DA Davidson lifted their price target on shares of Holley from $3.00 to $4.50 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Benchmark raised their target price on shares of Holley from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Holley in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their price target on shares of Holley from $2.25 to $3.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Holley Stock Up 1.4%

Shares of NYSE HLLY opened at $4.26 on Friday. The stock has a fifty day moving average price of $3.30 and a 200 day moving average price of $2.86. The company has a market cap of $513.37 million, a P/E ratio of -19.36 and a beta of 1.36. The company has a current ratio of 2.78, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. Holley Inc. has a 12-month low of $1.60 and a 12-month high of $4.30.

Holley (NYSE:HLLY) last announced its earnings results on Friday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $138.37 million for the quarter, compared to analysts’ expectations of $132.36 million. Holley had a positive return on equity of 6.75% and a negative net margin of 4.16%. Holley has set its FY 2025 guidance at EPS. Research analysts anticipate that Holley Inc. will post 0.12 EPS for the current fiscal year.

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.