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BUZZ-Holley drops after launching secondary offering

Reuters
Sep 10, 2025
BUZZ-Holley drops after launching secondary offering

** 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))

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