Cottonwood Capital Advisors LLC Invests $32,000 in Holley Inc. (NYSE:HLLY)

Cottonwood Capital Advisors LLC bought a new position in Holley Inc. (NYSE:HLLYFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,562 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in Holley by 25.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock worth $48,000 after purchasing an additional 3,210 shares in the last quarter. SG Americas Securities LLC boosted its position in Holley by 39.8% during the fourth quarter. SG Americas Securities LLC now owns 24,590 shares of the company’s stock worth $74,000 after purchasing an additional 7,002 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Holley by 102.1% during the third quarter. JPMorgan Chase & Co. now owns 143,760 shares of the company’s stock worth $424,000 after purchasing an additional 72,641 shares in the last quarter. Virtu Financial LLC purchased a new position in Holley during the third quarter worth approximately $54,000. Finally, Barclays PLC boosted its position in Holley by 288.3% during the third quarter. Barclays PLC now owns 75,795 shares of the company’s stock worth $224,000 after purchasing an additional 56,277 shares in the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on HLLY

Insider Activity at Holley

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 completion of the transaction, the director now directly owns 41,556,961 shares in the company, valued at approximately $124,670,883. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.92% of the company’s stock.

Holley Price Performance

Shares of Holley stock opened at $3.15 on Friday. Holley Inc. has a 12 month low of $2.29 and a 12 month 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 has a market capitalization of $376.77 million, a P/E ratio of 24.19 and a beta of 1.42. The business has a 50 day simple moving average of $2.90 and a two-hundred day simple moving average of $3.06.

Holley (NYSE:HLLYGet Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Holley had a net margin of 2.55% and a return on equity of 2.59%. The company had revenue of $134.00 million during the quarter, compared to analyst estimates of $142.53 million. During the same period in the prior year, the business posted $0.03 EPS. Holley’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, analysts predict that Holley Inc. will post 0.12 EPS for the current fiscal year.

Holley Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Holley (NYSE:HLLY)

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