Holley Performance Brands announces a secondary offering of 14 million shares, entirely by a selling stockholder.
Quiver AI Summary
Holley Performance Brands announced a secondary offering of 14,000,000 shares of common stock, which will be sold by a stockholder associated with Sentinel Capital Partners. The proceeds from this sale will go entirely to the selling stockholder; Holley itself will not benefit from the sale. Additionally, the stockholder may allow underwriters to acquire up to 2,100,000 more shares. J.P. Morgan and Jefferies are the lead managers of the offering. A registration statement has been filed with the SEC, and investors are encouraged to review the associated prospectus for detailed information. Holley Performance Brands specializes in high-performance automotive products, serving a diverse community of enthusiasts.
Potential Positives
- The secondary offering of 14,000,000 shares indicates strong interest from investors and may enhance market liquidity for the stock.
- Holley Performance Brands maintains a robust position in the automotive aftermarket industry, with a strategic focus on diverse consumer verticals, showcasing its commitment to innovation and growth.
- The involvement of reputable underwriters like J.P. Morgan and Jefferies lends credibility to the offering and may attract further investment interest.
Potential Negatives
- The announcement of a secondary offering of 14,000,000 shares may dilute existing shareholders' equity, potentially decreasing the value of their holdings.
- The company will not receive any proceeds from the offering, indicating a lack of immediate financial benefit from this transaction.
- The reliance on a selling stockholder (Sentinel Capital Partners, LLC) for shares being sold could raise concerns about the company's control over its stock and the motivations behind the sale.
FAQ
What is the purpose of Holley Performance Brands' secondary offering?
The secondary offering aims to sell 14,000,000 shares of common stock controlled by a selling stockholder.
Who will receive the proceeds from the stock offering?
The selling stockholder, Sentinel Capital Partners, LLC, will receive all proceeds from the offering.
Is Holley Performance Brands offering any shares in this transaction?
No, Holley Performance Brands is not offering any shares and will not receive any proceeds.
How can investors access the registration statement and prospectus?
Investors can access the documents on the SEC website at www.sec.gov or request them from J.P. Morgan or Jefferies.
What types of products does Holley Performance Brands offer?
Holley Performance Brands offers high-performance products for automotive enthusiasts across various consumer verticals, including safety and racing.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HLLY Insider Trading Activity
$HLLY insiders have traded $HLLY stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HLLY stock by insiders over the last 6 months:
- DAVID S LOBEL sold 802,127 shares for an estimated $1,981,253
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HLLY Hedge Fund Activity
We have seen 65 institutional investors add shares of $HLLY stock to their portfolio, and 65 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 2,422,159 shares (-30.0%) from their portfolio in Q2 2025, for an estimated $4,844,318
- BLUE OWL CAPITAL HOLDINGS LP removed 1,205,679 shares (-22.7%) from their portfolio in Q2 2025, for an estimated $2,411,358
- ROUBAIX CAPITAL, LLC removed 1,127,717 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,898,232
- BAMCO INC /NY/ removed 750,000 shares (-18.8%) from their portfolio in Q2 2025, for an estimated $1,500,000
- FRANKLIN RESOURCES INC added 739,912 shares (+145.6%) to their portfolio in Q2 2025, for an estimated $1,479,824
- BOSTON PARTNERS added 735,168 shares (+28.3%) to their portfolio in Q2 2025, for an estimated $1,470,336
- MILLENNIUM MANAGEMENT LLC added 616,593 shares (+278.9%) to their portfolio in Q2 2025, for an estimated $1,233,186
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HLLY Analyst Ratings
Wall Street analysts have issued reports on $HLLY in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 08/08/2025
- Raymond James issued a "Outperform" rating on 08/07/2025
- Canaccord Genuity issued a "Buy" rating on 08/07/2025
- Telsey Advisory Group issued a "Outperform" rating on 07/31/2025
- Truist Securities issued a "Buy" rating on 04/14/2025
To track analyst ratings and price targets for $HLLY, check out Quiver Quantitative's $HLLY forecast page.
$HLLY Price Targets
Multiple analysts have issued price targets for $HLLY recently. We have seen 5 analysts offer price targets for $HLLY in the last 6 months, with a median target of $3.0.
Here are some recent targets:
- Michael Albanese from Benchmark set a target price of $4.0 on 08/08/2025
- Joseph Altobello from Raymond James set a target price of $3.0 on 08/07/2025
- Brian McNamara from Canaccord Genuity set a target price of $6.0 on 08/07/2025
- Joseph Feldman from Telsey Advisory Group set a target price of $2.75 on 07/31/2025
- Michael Swartz from Truist Securities set a target price of $3.0 on 04/14/2025
Full Release
BOWLING GREEN, Ky., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Holley Performance Brands (NYSE: HLLY) (the “Company”) today announced the launch of a secondary offering of 14,000,000 shares of common stock by a selling stockholder controlled by Sentinel Capital Partners, LLC (the “Selling Stockholder”). The Selling Stockholder will receive all of the proceeds from the offering. The Company is not offering any shares of common stock and will not receive any proceeds from the offering. The Selling Stockholder is expected to grant the underwriters a 30-day option to purchase up to 2,100,000 additional shares of common stock.
Holley Performance Brands brings performance, safety, fun and excitement to automotive enthusiasts around the globe.
J.P. Morgan and Jefferies are acting as the lead book-running managers and representatives of the underwriters for the offering.
Additional Information for Investors
A registration statement (including a prospectus) relating to the offering of these securities has been filed with the Securities and Exchange Commission (the “SEC”) and is effective. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov . Alternatively, copies of the prospectus and accompanying prospectus supplement related to this offering, when available, may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected], or from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at 1-877-821-7388, or by email at [email protected].
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Special Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this press release, including among others, statements relating to the Company’s current expectations and views with respect to, among other things, the proposed offering. Such forward-looking statements are subject to risks, uncertainties, and other important factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to, the risks and uncertainties set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC and in any subsequent filings with the SEC.
Forward-looking statements speak only as of the date of this press release. Except as required by law, Holley assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
About Holley Performance Brands
Holley Performance Brands (NYSE: HLLY) leads in the design, manufacturing and marketing of high-performance products for automotive enthusiasts. The company owns and manages a portfolio of iconic brands, catering to a diverse community of enthusiasts passionate about the customization and performance of their vehicles. Holley Performance Brands distinguishes itself through a strategic focus on four consumer vertical groupings, including Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing, ensuring a wide-ranging impact across the automotive aftermarket industry. Renowned for its innovative approach and strategic acquisitions, Holley Performance Brands is committed to enhancing the enthusiast experience and driving growth through innovation.
Media Relations Contact(s)
:
Jordan Moore,
[email protected]
/ Sydney Goggans,
[email protected]
Investor Relations Contacts:
Anthony Rozmus / Neel Sikka / Jenna Kozlowski
Solebury Strategic Communications
203-428-3224
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9e0c3ae-6d0d-42df-a5e2-bfc05e51a41b
