Holley Inc. (NYSE:HLLY) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Holley Inc. (NYSE:HLLY) by 52.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 975,034 shares of the company’s stock after buying an additional 334,940 shares during the period. Dimensional Fund Advisors LP owned about 0.82% of Holley worth $3,491,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in Holley by 1.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,180,819 shares of the company’s stock worth $18,646,000 after buying an additional 47,070 shares in the last quarter. Norden Group LLC raised its stake in Holley by 1,717.0% during the 1st quarter. Norden Group LLC now owns 616,196 shares of the company’s stock valued at $2,748,000 after purchasing an additional 582,283 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Holley in the 1st quarter valued at $937,000. Sei Investments Co. raised its position in shares of Holley by 1.3% during the first quarter. Sei Investments Co. now owns 403,759 shares of the company’s stock valued at $1,801,000 after buying an additional 5,000 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Holley during the first quarter valued at about $43,000. Institutional investors and hedge funds own 39.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $12.00 target price on shares of Holley in a research report on Wednesday, September 4th. Canaccord Genuity Group decreased their price target on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Telsey Advisory Group reissued an “outperform” rating and set a $5.50 target price on shares of Holley in a research report on Monday, September 9th. Truist Financial reduced their target price on Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Raymond James cut their target price on Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.54.

Holley Stock Down 1.3 %

HLLY opened at $2.73 on Friday. The company has a market capitalization of $325.12 million, a PE ratio of 17.03 and a beta of 1.43. Holley Inc. has a 52 week low of $2.69 and a 52 week high of $5.23. The firm has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $3.60. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 1.18.

Holley (NYSE:HLLY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Holley had a return on equity of 3.51% and a net margin of 3.56%. The company had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $170.40 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Holley’s revenue was down 3.3% compared to the same quarter last year. Analysts forecast that Holley Inc. will post 0.19 earnings per share 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.