Advantage Alpha Capital Partners LP Sells 3,285 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Advantage Alpha Capital Partners LP decreased its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,351 shares of the company’s stock after selling 3,285 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.13% of Helios Technologies worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Helios Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock worth $148,568,000 after buying an additional 13,059 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Helios Technologies by 15.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock valued at $88,679,000 after acquiring an additional 266,127 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Helios Technologies by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company’s stock valued at $82,219,000 after acquiring an additional 21,683 shares during the last quarter. Sara Bay Financial raised its holdings in Helios Technologies by 25.5% during the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock valued at $54,080,000 after buying an additional 247,088 shares during the last quarter. Finally, State Street Corp lifted its holdings in Helios Technologies by 0.6% in the 3rd quarter. State Street Corp now owns 773,777 shares of the company’s stock worth $36,909,000 after buying an additional 4,699 shares during the period. 94.72% of the stock is owned by institutional investors.

Helios Technologies Stock Performance

Shares of Helios Technologies stock opened at $33.69 on Monday. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.12 billion, a PE ratio of 29.81 and a beta of 0.90. The stock’s fifty day moving average is $40.65 and its two-hundred day moving average is $45.32. Helios Technologies, Inc. has a 52 week low of $33.10 and a 52 week high of $57.29.

Helios Technologies declared that its board has authorized a share repurchase plan on Monday, February 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is presently 30.77%.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price target on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, February 26th.

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.