Telsey Advisory Group reaffirmed their outperform rating on shares of Holley (NYSE:HLLY - Free Report) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $4.50 target price on the stock.
Holley Stock Performance
Holley stock traded down $0.04 during midday trading on Thursday, hitting $2.39. The company's stock had a trading volume of 439,741 shares, compared to its average volume of 364,362. The company has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $2.91. The company has a market cap of $286.55 million, a price-to-earnings ratio of 18.40 and a beta of 1.44. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. Holley has a 1-year low of $2.29 and a 1-year high of $4.58.
Insider Transactions at Holley
In other Holley news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $3.00, for a total value of $5,230,068.00. Following the sale, the director now owns 41,556,961 shares of the company's stock, valued at approximately $124,670,883. The trade was a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.92% of the company's stock.
Institutional Trading of Holley
Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of Holley in the 4th quarter worth $26,000. Atria Wealth Solutions Inc. bought a new stake in Holley during the fourth quarter worth about $30,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of Holley in the 4th quarter worth about $31,000. Cottonwood Capital Advisors LLC bought a new position in shares of Holley during the 4th quarter valued at about $32,000. Finally, Verition Fund Management LLC bought a new stake in Holley in the 3rd quarter worth approximately $35,000. Institutional investors own 39.70% of the company's stock.
About Holley
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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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