Skylands Capital LLC Has $3.61 Million Stake in Holley Inc. (NYSE:HLLY)

Skylands Capital LLC grew its holdings in Holley Inc. (NYSE:HLLY) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,193,983 shares of the company’s stock after purchasing an additional 49,383 shares during the period. Skylands Capital LLC owned about 1.00% of Holley worth $3,606,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Holley by 5.1% in the third quarter. Geode Capital Management LLC now owns 1,137,811 shares of the company’s stock worth $3,357,000 after buying an additional 55,641 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Holley by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock worth $1,308,000 after buying an additional 43,053 shares during the last quarter. Empowered Funds LLC increased its holdings in Holley by 5.2% in the fourth quarter. Empowered Funds LLC now owns 261,928 shares of the company’s stock worth $791,000 after buying an additional 12,955 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Holley by 102.1% in the third quarter. JPMorgan Chase & Co. now owns 143,760 shares of the company’s stock worth $424,000 after buying an additional 72,641 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Holley by 15.9% in the third quarter. US Bancorp DE now owns 100,979 shares of the company’s stock worth $298,000 after buying an additional 13,828 shares during the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Insider Buying and Selling at Holley

In other 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 sale, the director now directly owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. This represents a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Holley Trading Down 0.6 %

Shares of HLLY stock opened at $2.70 on Monday. Holley Inc. has a 12 month low of $2.29 and a 12 month high of $4.87. The company has a quick ratio of 1.17, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $2.94 and its two-hundred day moving average is $2.94. The company has a market cap of $322.86 million, a PE ratio of 20.73 and a beta of 1.42.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 price target on shares of Holley in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Holley presently has an average rating of “Buy” and a consensus price target of $6.95.

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.