Holley Inc. (NYSE:HLLY) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Holley Inc. (NYSE:HLLY) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,167,850 shares of the company’s stock after selling 41,415 shares during the period. Allspring Global Investments Holdings LLC owned approximately 8.49% of Holley worth $30,605,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cottonwood Capital Advisors LLC acquired a new position in shares of Holley during the fourth quarter worth about $32,000. Verition Fund Management LLC purchased a new stake in Holley in the 3rd quarter valued at approximately $35,000. Intech Investment Management LLC purchased a new position in shares of Holley during the 3rd quarter worth approximately $41,000. Williams & Novak LLC purchased a new position in shares of Holley during the 4th quarter worth approximately $44,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Holley by 25.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock valued at $48,000 after buying an additional 3,210 shares during the period. 39.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.50 price objective on shares of Holley in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Holley has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Insider Activity

In related news, Director David S. Lobel sold 1,743,356 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $3.00, for a total value of $5,230,068.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.

Holley Stock Performance

NYSE HLLY opened at $2.84 on Friday. The business has a 50 day moving average price of $2.95 and a 200 day moving average price of $2.97. The company has a market capitalization of $339.63 million, a P/E ratio of 21.81 and a beta of 1.42. Holley Inc. has a 1-year low of $2.29 and a 1-year high of $5.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17.

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.