Holley (NYSE:HLLY) CFO Purchases $22,770.00 in Stock

Holley Inc. (NYSE:HLLY) CFO Jesse Weaver bought 9,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was bought at an average price of $2.53 per share, for a total transaction of $22,770.00. Following the purchase, the chief financial officer owned 670,695 shares in the company, valued at approximately $1,696,858.35. This represents a 1.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Holley Stock Up 4.9%

Shares of HLLY stock traded up $0.12 during trading hours on Friday, hitting $2.48. 892,772 shares of the company were exchanged, compared to its average volume of 1,268,317. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.23 and a current ratio of 3.04. Holley Inc. has a one year low of $2.05 and a one year high of $4.48. The business’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $2.93. The stock has a market capitalization of $301.08 million, a price-to-earnings ratio of 16.50 and a beta of 1.44.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $141.56 million during the quarter, compared to analyst estimates of $145.80 million. Holley had a return on equity of 9.28% and a net margin of 3.07%. Sell-side analysts predict that Holley Inc. will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Holley

A number of large investors have recently bought and sold shares of the business. Williams & Novak Wealth Management LLC bought a new position in shares of Holley during the third quarter valued at approximately $25,000. Chicago Partners Investment Group LLC bought a new stake in shares of Holley in the 1st quarter worth approximately $35,000. The Manufacturers Life Insurance Company bought a new stake in shares of Holley in the 2nd quarter worth approximately $52,000. Ritholtz Wealth Management bought a new stake in shares of Holley in the 3rd quarter worth approximately $96,000. Finally, GSA Capital Partners LLP acquired a new position in Holley during the 2nd quarter valued at approximately $98,000. Institutional investors own 39.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLLY. Weiss Ratings reiterated a “sell (d)” rating on shares of Holley in a report on Tuesday, November 3rd. Wall Street Zen lowered Holley from a “buy” rating to a “hold” rating in a research report on Sunday. Freedom Capital cut Holley from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Freedom Broker set a $4.50 price objective on shares of Holley in a report on Tuesday. Finally, Zacks Research lowered shares of Holley from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4.08.

Holley Company Profile

Holley Inc. designs, manufactures and markets performance parts and accessories for the automotive aftermarket. Its products serve enthusiasts and racers who modify, restore or compete with vehicles, including classic cars and modern performance vehicles. The company’s offerings include fuel and electronic fuel-injection systems, carburetors, ignition and engine components, intake and exhaust products, transmission and chassis parts, and automotive safety equipment. Its portfolio includes brands such as Holley, MSD, Flowmaster, Hooker, B&M and Simpson.