Barclays PLC Purchases 56,277 Shares of Holley Inc. (NYSE:HLLY)

Barclays PLC lifted its position in shares of Holley Inc. (NYSE:HLLY) by 288.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,795 shares of the company’s stock after purchasing an additional 56,277 shares during the period. Barclays PLC owned 0.06% of Holley worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Verition Fund Management LLC acquired a new position in Holley in the 3rd quarter worth about $35,000. Intech Investment Management LLC acquired a new position in Holley in the 3rd quarter worth about $41,000. Vanguard Personalized Indexing Management LLC acquired a new position in Holley in the 2nd quarter worth about $42,000. SG Americas Securities LLC acquired a new position in Holley in the 3rd quarter worth about $52,000. Finally, Zacks Investment Management increased its holdings in Holley by 69.5% in the 3rd quarter. Zacks Investment Management now owns 19,658 shares of the company’s stock worth $58,000 after purchasing an additional 8,061 shares in the last quarter. Institutional investors own 39.70% of the company’s stock.

Holley Stock Up 2.2 %

HLLY opened at $3.19 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The company has a market cap of $382.16 million, a P/E ratio of 24.54 and a beta of 1.42. Holley Inc. has a 12 month low of $2.29 and a 12 month high of $5.23. The business’s 50-day moving average price is $2.88 and its 200-day moving average price is $3.06.

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

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $4.50 price target on shares of Holley in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Insider Transactions at Holley

In related news, Director David S. Lobel sold 1,743,356 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.00, for a total value of $5,230,068.00. Following the completion of the transaction, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. This represents a 4.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.20% 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.