Helios Technologies, Inc. (NASDAQ:HLIO) Position Increased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 7.0% in the third quarter, Holdings Channel.com reports. The firm owned 45,636 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Helios Technologies were worth $2,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLIO. Silvercrest Asset Management Group LLC lifted its holdings in shares of Helios Technologies by 24.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock valued at $8,264,000 after buying an additional 36,676 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Helios Technologies by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after acquiring an additional 54,205 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Helios Technologies in the second quarter valued at approximately $42,900,000. Raymond James & Associates grew its position in Helios Technologies by 31.6% in the third quarter. Raymond James & Associates now owns 73,272 shares of the company’s stock worth $3,495,000 after acquiring an additional 17,611 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Helios Technologies during the 3rd quarter worth $13,633,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Insider Buying and Selling

In other Helios Technologies news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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. This trade represents a 14.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Helios Technologies Stock Performance

HLIO opened at $53.98 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company has a market cap of $1.79 billion, a PE ratio of 47.77 and a beta of 0.84. The stock has a 50-day moving average of $48.46 and a 200-day moving average of $46.90. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $57.29.

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

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Helios Technologies’s payout ratio is presently 31.86%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their price objective on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th.

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.