Holley drops after launching secondary offering
09/09/2025 21:31
** Shares of auto parts maker Holley HLLY.N down 6% post-market to $3.45 after secondary offering news ** Bowling Green, Kentucky-based firm says 14 mln shares to be sold by private equity firm Sentinel Capital Partners ** JP Morgan and Jefferies are lead bookrunners for the offering ** HLLY shares on Tues closed down 1.9% at $3.67 ** Co has ~120.5 mln shares outstanding for ~$442 mln market cap ** Stock has gained 68% over the past three months, putting it up 21.5% YTD through Tues ** Of 8 analysts covering HLLY, recommendation breakdown is 6 "strong buy" or "buy" and 2 "hold"; median PT is $3.75, LSEG data reflects (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))