Stifel Financial Corp Has $356,000 Stock Holdings in Holley Inc. (NYSE:HLLY)

Stifel Financial Corp decreased its holdings in shares of Holley Inc. (NYSE:HLLY) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,943 shares of the company’s stock after selling 16,906 shares during the period. Stifel Financial Corp’s holdings in Holley were worth $356,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in Holley by 25.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock worth $48,000 after buying an additional 3,210 shares during the last quarter. Aigen Investment Management LP raised its holdings in Holley by 22.1% during the fourth quarter. Aigen Investment Management LP now owns 18,693 shares of the company’s stock worth $56,000 after buying an additional 3,389 shares during the last quarter. SG Americas Securities LLC raised its holdings in Holley by 39.8% during the fourth quarter. SG Americas Securities LLC now owns 24,590 shares of the company’s stock worth $74,000 after buying an additional 7,002 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Holley during the fourth quarter worth $30,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Holley during the fourth quarter worth $31,000. Institutional investors and hedge funds own 39.70% of the company’s stock.

Analysts Set New Price Targets

HLLY has been the subject of several analyst reports. Telsey Advisory Group lowered their target price on shares of Holley from $4.50 to $2.75 and set an “outperform” rating for the company in a report on Thursday, May 8th. Benchmark lowered shares of Holley from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research report on Friday, May 9th. Canaccord Genuity Group dropped their target price on shares of Holley from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Truist Financial decreased their price target on shares of 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 lifted their target price on shares of Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.85.

Holley Stock Down 2.3%

Shares of Holley stock opened at $2.17 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The company’s fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.67. The company has a market cap of $260.31 million, a P/E ratio of 16.69 and a beta of 1.43. Holley Inc. has a 12-month low of $1.60 and a 12-month high of $4.08.

Holley (NYSE:HLLY) last announced its earnings results on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $153.04 million for the quarter, compared to the consensus estimate of $148.52 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. Research analysts anticipate that Holley Inc. will post 0.12 EPS for the current year.

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.