Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 25.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,960 shares of the company’s stock after selling 24,562 shares during the quarter. Kennedy Capital Management LLC’s holdings in Helios Technologies were worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HLIO. Mirae Asset Global Investments Co. Ltd. increased its position in Helios Technologies by 6.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,187 shares of the company’s stock valued at $689,000 after acquiring an additional 938 shares during the period. Ceredex Value Advisors LLC grew its position in Helios Technologies by 29.0% in the 4th quarter. Ceredex Value Advisors LLC now owns 288,119 shares of the company’s stock valued at $13,066,000 after buying an additional 64,819 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Helios Technologies by 3.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,007,758 shares of the company’s stock valued at $91,052,000 after buying an additional 64,712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Helios Technologies by 95.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,869 shares of the company’s stock worth $448,000 after buying an additional 4,832 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in shares of Helios Technologies by 13.7% in the fourth quarter. OLD National Bancorp IN now owns 7,264 shares of the company’s stock valued at $329,000 after acquiring an additional 877 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, KeyCorp cut Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.

Helios Technologies Price Performance

HLIO stock traded up $0.42 during trading hours on Wednesday, hitting $46.03. 7,024 shares of the stock traded hands, compared to its average volume of 213,929. The stock has a 50-day simple moving average of $47.28 and a 200 day simple moving average of $45.66. The company has a market cap of $1.53 billion, a P/E ratio of 45.61 and a beta of 0.85. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $64.02. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. The company had revenue of $212.00 million during the quarter, compared to the consensus estimate of $205.61 million. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. Helios Technologies’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. Equities analysts forecast that Helios Technologies, Inc. will post 2.45 earnings per share for the current year.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.36 annualized dividend and a yield of 0.78%. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.