Advisory Research Inc. Invests $7.07 Million in Holley Inc. $HLLY

Advisory Research Inc. acquired a new stake in shares of Holley Inc. (NYSE:HLLY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,250,000 shares of the company’s stock, valued at approximately $7,065,000. Advisory Research Inc. owned 1.87% of Holley as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in shares of Holley by 84.8% in the second quarter. Boston Partners now owns 4,807,536 shares of the company’s stock worth $9,615,000 after acquiring an additional 2,206,737 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Holley in the 3rd quarter worth $3,435,000. Roubaix Capital LLC bought a new position in shares of Holley in the third quarter worth about $2,431,000. Blue Owl Capital Holdings LP lifted its position in shares of Holley by 18.2% during the 3rd quarter. Blue Owl Capital Holdings LP now owns 4,862,361 shares of the company’s stock valued at $15,268,000 after buying an additional 750,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Holley by 145.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,248,020 shares of the company’s stock valued at $2,496,000 after buying an additional 739,912 shares in the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Holley Trading Down 4.6%

HLLY stock opened at $3.02 on Friday. The firm has a fifty day moving average price of $4.02 and a 200 day moving average price of $3.74. Holley Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 2.78. The firm has a market cap of $363.34 million, a PE ratio of 20.10 and a beta of 1.32.

Holley (NYSE:HLLY) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The business had revenue of $155.44 million for the quarter, compared to analysts’ expectations of $142.76 million. Holley had a net margin of 3.13% and a return on equity of 4.88%. Sell-side analysts anticipate that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HLLY has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $5.00 price objective on shares of Holley in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Holley in a report on Thursday, January 22nd. Canaccord Genuity Group increased their price target on Holley from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, DA Davidson set a $4.50 price objective on Holley in a research note on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.67.

Holley Company Profile

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.