KPP Advisory Services LLC Invests $99,000 in Holley Inc. (NYSE:HLLY)

KPP Advisory Services LLC bought a new stake in shares of Holley Inc. (NYSE:HLLY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,607 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds have also bought and sold shares of the stock. Aigen Investment Management LP raised its position in shares of Holley by 22.1% during the 4th quarter. Aigen Investment Management LP now owns 18,693 shares of the company’s stock valued at $56,000 after purchasing an additional 3,389 shares during the period. BNP Paribas Financial Markets purchased a new stake in Holley in the 4th quarter worth $26,000. Atria Wealth Solutions Inc. bought a new stake in Holley during the fourth quarter valued at about $30,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of Holley in the fourth quarter valued at about $31,000. Finally, American Century Companies Inc. lifted its position in shares of Holley by 14.4% in the fourth quarter. American Century Companies Inc. now owns 91,792 shares of the company’s stock valued at $277,000 after acquiring an additional 11,559 shares in the last quarter. Institutional investors own 39.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on HLLY shares. Truist Financial decreased their target price on Holley from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Raymond James Financial upped their target price on shares of Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 12th. Telsey Advisory Group cut their target price on shares of Holley from $4.50 to $2.75 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Benchmark cut shares of Holley from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Friday, May 9th. Finally, Canaccord Genuity Group dropped their price objective on shares of Holley from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One equities research 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 has an average rating of “Moderate Buy” and a consensus price target of $3.85.

Holley Stock Up 3.2%

NYSE HLLY opened at $2.08 on Friday. The stock has a 50 day moving average price of $2.07 and a 200-day moving average price of $2.51. Holley Inc. has a one year low of $1.60 and a one year high of $4.08. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 2.86. The company has a market capitalization of $249.37 million, a P/E ratio of -9.88 and a beta of 1.35.

Holley (NYSE:HLLY) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a negative net margin of 4.05% and a positive return on equity of 6.18%. The business had revenue of $153.04 million for the quarter, compared to the consensus estimate of $148.52 million. As a group, equities analysts predict that Holley Inc. will post 0.12 EPS for the current fiscal 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.