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Holley Inc. (NYSE:HLLY) Gets Average “Moderate Buy” Rating from Analysts

Holley Inc. (NYSE:HLLY) Gets Average “Moderate Buy” Rating from Analysts


Holley Inc. shares (NYSE:HLLYGet a Free Report) currently has a “Moderate Buy” consensus rating from the nine rating agencies that track the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, while eight have issued a buy rating for the company. The average 12-month price target among brokerages that have followed the stock in the last year is $7.47.

Several research firms have commented on HLLY. Telsey Advisory Group reiterated 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 issued 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 HLLY stock It 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 liquidity ratio of 1.04 and a current ratio of 2.85. Holley’s 52-week low is $3.16 and a 52-week high of $8.06. The company’s 50-day moving average is $3.65 and 200-day moving average is $4.21.

Insider Event

In other Holley news, Chairman Matthew E. Rubel purchased 14,493 shares of Holley stock in a transaction dated Wednesday, June 12. 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 purchase, the chairman now directly owns 169,979 shares of the company’s stock, valued at $576,228.81. The transaction was disclosed in a regulatory filing with the SEC, which can be accessed at: this hypertextCompany insiders own 2.20% of the company’s shares.

Institutional Entries and Exits

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLLY. Baker Tilly Wealth Management LLC increased its stake in Holley by 11.7% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 32,659 shares of the company worth $159,000 after purchasing an additional 3,414 shares in the last quarter. SG Americas Securities LLC increased its stake in Holley by 75.7% in the fourth quarter. SG Americas Securities LLC now owns 28,577 shares of the company worth $139,000 after purchasing an additional 12,309 shares in the last quarter. Portside Wealth Group LLC increased its stake in Holley by 8.4% in the fourth quarter. Portside Wealth Group LLC now owns 43,311 shares of the company worth $211,000 after purchasing an additional 3,370 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Holley by 3.0% in 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 increased 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 purchasing an additional 39,600 shares during the period. 39.70% of the stock is currently held by hedge funds and other institutional investors.

About Holly

(Get a Free Report

Holley Inc. is a designer, manufacturer and marketer of automotive aftermarket products to car and truck enthusiasts in the United States, Canada, Europe and China. Its products span a variety of automotive platforms and are sold through multiple channels. The company’s performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrogen oxide injection systems, superchargers, exhaust manifolds, mufflers, distributors, ignition components, engine tuners, automotive performance installation products; and exhaust products, shifters, converters, transmission kits, transmissions, tuners and automotive software.

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