Benchmark reissued their buy rating on shares of Holley (NYSE:HLLY – Free Report) in a research report released on Monday morning, Benzinga reports. Benchmark currently has a $12.00 price target on the stock.
Several other equities analysts have also weighed in on HLLY. Telsey Advisory Group restated an outperform rating and set a $6.50 price objective on shares of Holley in a research report on Thursday, August 1st. Canaccord Genuity Group reiterated a buy rating and issued a $8.00 target price on shares of Holley in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $7.47.
Read Our Latest Stock Analysis on HLLY
Holley Price Performance
Insider Transactions at Holley
In related news, Chairman Matthew E. Rubel purchased 14,493 shares of Holley stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $3.39 per share, with a total value of $49,131.27. Following the completion of the transaction, the chairman now directly owns 169,979 shares of the company’s stock, valued at $576,228.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by insiders.
Hedge Funds Weigh In On Holley
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLLY. Lazard Asset Management LLC bought a new position in shares of Holley in the first quarter valued at approximately $43,000. Tower Research Capital LLC TRC raised 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 period. SYSTM Wealth Solutions LLC bought a new position in shares of Holley in the first quarter valued at approximately $90,000. SG Americas Securities LLC raised 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 period. Finally, Norden Group LLC raised 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 period. Institutional investors own 39.70% of the company’s stock.
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.
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