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A group of Holley Inc. (NYSE:HLLY) shareholders, including Holley Parent Holdings, LLC and director David S. Lobel, sold 14,000,000 shares of common stock on September 10, 2025, at a price of $2.63, totaling $36,820,000. The sale comes amid a significant 21% decline in the stock price over the past week, though InvestingPro analysis suggests the stock is currently trading below its Fair Value.
The shares were sold by Holley Parent Holdings, LLC d/b/a Sentinel Holley Holdings pursuant to an underwritten public offering, which closed on September 12, 2025.
Following the transaction, the reporting owners collectively hold 26,754,834 shares.
In other recent news, Holley Performance Brands announced a secondary offering of 14 million shares of its common stock at $2.75 per share, with all proceeds going to a selling stockholder controlled by Sentinel Capital Partners. The underwriters have been granted a 30-day option to purchase up to an additional 2.1 million shares. Additionally, Holley has reduced its debt by $15 million, bringing its total debt reduction to $90 million since September 2023. This move is expected to generate up to $3.7 million in annualized net interest savings for the company.
Canaccord Genuity has reiterated its Buy rating on Holley stock, maintaining a $6.00 price target after attending the company’s LS Fest East event. The firm highlighted strong consumer engagement at the event, which aligns with Holley’s strategy to connect with consumers at a grassroots level. Furthermore, Holley announced one-time grants of restricted stock units to key executive officers, including CEO Matthew Stevenson, CFO Jesse Weaver, and Executive Vice President Carly Kennedy. These RSUs will vest in three equal annual installments, contingent on continued employment through the applicable vesting dates.
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