Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC trimmed its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,468 shares of the company’s stock after selling 1,292 shares during the quarter. Procyon Advisors LLC’s holdings in Helios Technologies were worth $423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. nVerses Capital LLC lifted its position in shares of Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after buying an additional 800 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Helios Technologies during the 2nd quarter worth $110,000. Truvestments Capital LLC purchased a new stake in Helios Technologies in the third quarter valued at $179,000. Stephens Inc. AR acquired a new position in Helios Technologies in the third quarter valued at $205,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Helios Technologies during the second quarter worth about $216,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

Shares of Helios Technologies stock opened at $43.94 on Friday. The firm’s fifty day simple moving average is $48.78 and its 200-day simple moving average is $46.56. Helios Technologies, Inc. has a 12 month low of $39.08 and a 12 month high of $57.29. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 38.88 and a beta of 0.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $196.41 million. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Helios Technologies, Inc. will post 2.14 earnings per share for the current year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, January 3rd will be paid a $0.09 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. Helios Technologies’s dividend payout ratio (DPR) is currently 31.86%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their target price on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th.

Insider Activity

In other news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the sale, the director now owns 3,636 shares of the company’s stock, valued at $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Helios Technologies 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.