Holley Inc. (NYSE:HLLY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Holley Inc. (NYSE:HLLYGet Free Report) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.47.

Several research firms have weighed in on HLLY. Telsey Advisory Group reissued an “outperform” rating and issued a $6.50 price target on shares of Holley in a report on Tuesday, June 4th. Canaccord Genuity Group reiterated a “buy” rating and set a $8.00 price target on shares of Holley in a research report on Friday, June 21st. Finally, Benchmark reiterated a “buy” rating and set a $12.00 price target on shares of Holley in a research report on Tuesday, June 18th.

Get Our Latest Stock Analysis on HLLY

Holley Stock Up 1.9 %

Shares of HLLY stock opened at $3.44 on Thursday. The stock has a market cap of $409.83 million, a price-to-earnings ratio of 21.47 and a beta of 1.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.04 and a current ratio of 2.85. Holley has a 52-week low of $3.16 and a 52-week high of $8.06. The firm’s 50-day moving average is $3.65 and its 200-day moving average is $4.21.

Insider Activity

In other Holley news, Chairman Matthew E. Rubel acquired 14,493 shares of Holley stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of $3.39 per share, for a total transaction of $49,131.27. Following the completion of the acquisition, the chairman now directly owns 169,979 shares of the company’s stock, valued at $576,228.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLLY. Baker Tilly Wealth Management LLC boosted its holdings in Holley by 11.7% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 32,659 shares of the company’s stock worth $159,000 after purchasing an additional 3,414 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Holley by 75.7% during the fourth quarter. SG Americas Securities LLC now owns 28,577 shares of the company’s stock worth $139,000 after purchasing an additional 12,309 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in Holley by 8.4% during the fourth quarter. Portside Wealth Group LLC now owns 43,311 shares of the company’s stock worth $211,000 after purchasing an additional 3,370 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Holley by 3.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,133,749 shares of the company’s stock worth $20,131,000 after purchasing an additional 121,251 shares during the last quarter. Finally, Skylands Capital LLC raised its position in Holley by 7.2% in the fourth quarter. Skylands Capital LLC now owns 589,400 shares of the company’s stock worth $2,870,000 after acquiring an additional 39,600 shares during the period. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

About Holley

(Get Free Report

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.

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Analyst Recommendations for Holley (NYSE:HLLY)

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