Holley drops after launching secondary offering
ReutersSep 9, 2025 8:31 PM
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
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