Holley Inc. (NYSE:HLLY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Holley Inc. (NYSE:HLLY - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.63.

Several equities analysts recently weighed in on HLLY shares. Telsey Advisory Group cut their price target on shares of Holley from $5.50 to $4.50 and set an "outperform" rating on the stock in a report on Monday, November 11th. Benchmark reissued a "buy" rating and set a $12.00 target price on shares of Holley in a report on Wednesday, September 4th.

Insider Buying and Selling at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the sale, the director now owns 41,556,961 shares of the company's stock, valued at $124,670,883. The trade was a 4.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company's stock.

Institutional Trading of Holley

Several hedge funds have recently made changes to their positions in HLLY. ClariVest Asset Management LLC boosted its stake in shares of Holley by 1.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 308,456 shares of the company's stock valued at $1,104,000 after buying an additional 5,431 shares during the period. American Century Companies Inc. grew its stake in Holley by 23.3% during the 2nd quarter. American Century Companies Inc. now owns 64,383 shares of the company's stock worth $230,000 after buying an additional 12,186 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Holley by 52.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company's stock valued at $3,491,000 after acquiring an additional 334,940 shares during the period. Renaissance Technologies LLC increased its stake in Holley by 665.2% in the second quarter. Renaissance Technologies LLC now owns 131,500 shares of the company's stock valued at $471,000 after purchasing an additional 114,314 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Holley during the 2nd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 39.70% of the company's stock.

Holley Stock Down 0.3 %

HLLY traded down $0.01 during trading on Thursday, hitting $3.01. The stock had a trading volume of 435,320 shares, compared to its average volume of 368,540. The stock has a 50 day simple moving average of $2.80 and a two-hundred day simple moving average of $3.11. The company has a market capitalization of $360.59 million, a PE ratio of 23.15 and a beta of 1.47. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. Holley has a twelve month low of $2.29 and a twelve month high of $5.23.

Holley (NYSE:HLLY - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). Holley had a return on equity of 2.59% and a net margin of 2.55%. The business had revenue of $134.00 million for the quarter, compared to analysts' expectations of $142.53 million. During the same quarter last year, the firm earned $0.03 earnings per share. The firm's quarterly revenue was down 14.4% compared to the same quarter last year. On average, research analysts predict that Holley will post 0.12 earnings per share for the current year.

About Holley

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.