350,396 Shares in Holley Inc. (NYSE:HLLY) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Holley Inc. (NYSE:HLLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 350,396 shares of the company's stock, valued at approximately $1,058,000. Raymond James Financial Inc. owned about 0.29% of Holley as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. acquired a new stake in Holley in the 4th quarter valued at about $30,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of Holley during the fourth quarter worth about $31,000. Cottonwood Capital Advisors LLC purchased a new stake in shares of Holley during the fourth quarter worth approximately $32,000. Williams & Novak LLC acquired a new stake in Holley in the fourth quarter valued at approximately $44,000. Finally, Janney Montgomery Scott LLC lifted its stake in Holley by 25.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company's stock worth $48,000 after acquiring an additional 3,210 shares during the last quarter. Institutional investors and hedge funds own 39.70% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HLLY. Telsey Advisory Group reaffirmed an "outperform" rating and set a $4.50 price objective on shares of Holley in a research report on Wednesday, April 30th. Truist Financial cut their price target on Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Raymond James upped their price objective on Holley from $3.00 to $3.50 and gave the stock an "outperform" rating in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Holley currently has an average rating of "Buy" and an average price target of $6.00.

Holley Stock Down 14.5 %

NYSE:HLLY traded down $0.30 during midday trading on Wednesday, hitting $1.77. 909,470 shares of the company were exchanged, compared to its average volume of 428,333. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. Holley Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $4.15. The company has a market capitalization of $212.33 million, a PE ratio of 13.62 and a beta of 1.43. The company has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $2.69.

Holley (NYSE:HLLY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a net margin of 2.55% and a return on equity of 2.59%. As a group, equities analysts anticipate that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

Holley 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.