Holley (NYSE:HLLY) Rating Reiterated by Benchmark

Benchmark restated their buy rating on shares of Holley (NYSE:HLLY) in a research report report published on Monday morning, Benzinga reports. Benchmark currently has a $12.00 price objective on the stock.

HLLY has been the subject of several other research reports. Canaccord Genuity Group restated a buy rating and issued a $8.00 price target on shares of Holley in a research note on Friday, June 21st. Telsey Advisory Group restated an outperform rating and issued a $6.50 price target on shares of Holley in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Holley has an average rating of Moderate Buy and a consensus price target of $7.47.

Holley Trading Down 2.7 %

Shares of HLLY stock traded down $0.09 during trading on Monday, hitting $3.42. 398,785 shares of the stock traded hands, compared to its average volume of 334,906. The firm has a market capitalization of $407.45 million, a P/E ratio of 21.38 and a beta of 1.47. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.85 and a quick ratio of 1.04. The firm’s fifty day moving average price is $3.61 and its 200-day moving average price is $4.09. Holley has a 52-week low of $3.16 and a 52-week high of $8.06.

Insiders Place Their Bets

In related news, Chairman Matthew E. Rubel bought 14,493 shares of the stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $3.39 per share, for a total transaction of $49,131.27. Following the completion of the transaction, the chairman now owns 169,979 shares of the company’s stock, valued at approximately $576,228.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLLY. Lazard Asset Management LLC acquired a new stake in shares of Holley in the first quarter valued at approximately $43,000. Tower Research Capital LLC TRC grew its position in shares of Holley by 410.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,516 shares of the company’s stock valued at $66,000 after purchasing an additional 10,867 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Holley in the first quarter valued at approximately $90,000. SG Americas Securities LLC grew its position in shares of Holley by 75.7% in the fourth quarter. SG Americas Securities LLC now owns 28,577 shares of the company’s stock valued at $139,000 after purchasing an additional 12,309 shares during the last quarter. Finally, Norden Group LLC grew its position in shares of Holley by 28.8% in the first quarter. Norden Group LLC now owns 43,694 shares of the company’s stock valued at $195,000 after purchasing an additional 9,781 shares during the last quarter. 39.70% of the stock is currently owned by institutional investors and hedge funds.

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.