Holley Inc. $HLLY is Blue Owl Capital Holdings LP’s 8th Largest Position

Blue Owl Capital Holdings LP lessened its stake in Holley Inc. (NYSE:HLLY) by 14.7% during the 4th quarter, HoldingsChannel reports. The firm owned 4,146,636 shares of the company’s stock after selling 715,725 shares during the quarter. Holley accounts for about 1.3% of Blue Owl Capital Holdings LP’s investment portfolio, making the stock its 8th biggest holding. Blue Owl Capital Holdings LP’s holdings in Holley were worth $17,126,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC purchased a new stake in Holley in the 2nd quarter worth approximately $25,000. Schonfeld Strategic Advisors LLC purchased a new stake in Holley in the 3rd quarter worth approximately $34,000. State of Alaska Department of Revenue purchased a new stake in Holley in the 4th quarter worth approximately $35,000. Sherbrooke Park Advisers LLC purchased a new stake in Holley in the 3rd quarter worth approximately $38,000. Finally, Captrust Financial Advisors purchased a new stake in Holley in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HLLY. Canaccord Genuity Group cut their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings cut shares of Holley from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. DA Davidson set a $4.50 price objective on shares of Holley in a report on Thursday, March 5th. Wall Street Zen cut shares of Holley from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $5.00 price objective on shares of Holley in a report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.90.

Holley Stock Up 1.0%

HLLY opened at $2.54 on Monday. Holley Inc. has a fifty-two week low of $1.90 and a fifty-two week high of $4.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.07 and a current ratio of 3.17. The company has a fifty day moving average of $2.99 and a two-hundred day moving average of $3.66. The stock has a market capitalization of $307.90 million, a price-to-earnings ratio of 13.34 and a beta of 1.40.

Holley (NYSE:HLLY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $147.33 million during the quarter, compared to analysts’ expectations of $152.06 million. Holley had a net margin of 3.89% and a return on equity of 5.46%. On average, research analysts expect that Holley Inc. will post 0.3 earnings per share for the current year.

About Holley

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.