Virtu Financial LLC Makes New $54,000 Investment in Holley Inc. (NYSE:HLLY)

Virtu Financial LLC acquired a new stake in shares of Holley Inc. (NYSE:HLLY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,253 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HLLY. Vanguard Personalized Indexing Management LLC bought a new stake in Holley during the 2nd quarter valued at $42,000. Verition Fund Management LLC purchased a new position in shares of Holley in the third quarter valued at about $35,000. Intech Investment Management LLC bought a new position in shares of Holley during the third quarter valued at about $41,000. SG Americas Securities LLC purchased a new stake in shares of Holley during the third quarter worth about $52,000. Finally, Zacks Investment Management grew its stake in shares of Holley by 69.5% in the third quarter. Zacks Investment Management now owns 19,658 shares of the company’s stock worth $58,000 after purchasing an additional 8,061 shares during the last quarter. Institutional investors own 39.70% of the company’s stock.

Holley Stock Performance

Holley stock opened at $2.76 on Friday. Holley Inc. has a fifty-two week low of $2.29 and a fifty-two week high of $5.23. The stock’s 50 day simple moving average is $2.79 and its two-hundred day simple moving average is $3.14. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. The stock has a market cap of $330.64 million, a price-to-earnings ratio of 21.23 and a beta of 1.47.

Holley (NYSE:HLLY) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $134.00 million for the quarter, compared to the consensus estimate of $142.53 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, analysts expect that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HLLY shares. Telsey Advisory Group lowered their price target on Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research report on Monday, November 11th. Benchmark restated a “buy” rating and set a $12.00 target price on shares of Holley in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Insider Activity

In other Holley news, Director David S. Lobel sold 1,743,356 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the transaction, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Holley 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.