Holley (NYSE:HLLY) Given Buy Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Holley (NYSE:HLLY) in a research report report published on Tuesday, Benzinga reports. They currently have a $12.00 target price on the stock.

HLLY has been the topic of several other research reports. Canaccord Genuity Group cut their price target on Holley from $9.00 to $8.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Telsey Advisory Group reaffirmed an outperform rating and set a $6.50 price target on shares of Holley in a research report on Tuesday, June 4th. JPMorgan Chase & Co. lowered Holley from an overweight rating to a neutral rating and cut their price target for the stock from $6.50 to $5.00 in a research report on Tuesday, February 20th. Finally, Truist Financial cut their price target on Holley from $9.00 to $8.00 and set a buy rating on the stock in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Holley presently has an average rating of Moderate Buy and a consensus target price of $7.47.

Holley Price Performance

HLLY stock opened at $3.36 on Tuesday. The business has a 50 day moving average price of $3.88 and a 200 day moving average price of $4.34. The stock has a market cap of $400.29 million, a price-to-earnings ratio of 20.97 and a beta of 1.49. Holley has a fifty-two week low of $3.16 and a fifty-two week high of $8.06. The company has a quick ratio of 1.04, a current ratio of 2.85 and a debt-to-equity ratio of 1.26.

Insider Activity at Holley

In other Holley news, Chairman Matthew E. Rubel purchased 14,493 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 in the company, valued at $576,228.81. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Holley

A number of institutional investors have recently modified their holdings of HLLY. Norden Group LLC boosted its position in Holley by 1,717.0% during the first quarter. Norden Group LLC now owns 616,196 shares of the company’s stock worth $2,748,000 after purchasing an additional 582,283 shares in the last quarter. Bamco Inc. NY boosted its position in Holley by 11.1% during the third quarter. Bamco Inc. NY now owns 5,000,000 shares of the company’s stock worth $24,950,000 after purchasing an additional 500,000 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in Holley during the third quarter worth $1,604,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Holley during the third quarter worth $1,539,000. Finally, GSA Capital Partners LLP purchased a new stake in Holley during the first quarter worth $937,000. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

Holley Company Profile

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.