Dynamic Technology Lab Private Ltd Invests $905,000 in Helios Technologies, Inc. (NASDAQ:HLIO)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,280 shares of the company’s stock, valued at approximately $905,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Helios Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Helios Technologies by 230.1% during the third quarter. Barclays PLC now owns 57,451 shares of the company’s stock worth $2,740,000 after buying an additional 40,048 shares during the last quarter. Stifel Financial Corp raised its stake in Helios Technologies by 46.5% during the 3rd quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock valued at $2,411,000 after purchasing an additional 16,041 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Helios Technologies by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 398,899 shares of the company’s stock valued at $17,807,000 after purchasing an additional 33,915 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Helios Technologies by 5,804.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after purchasing an additional 708,715 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Helios Technologies by 18.5% during the 4th quarter. Bank of New York Mellon Corp now owns 519,531 shares of the company’s stock worth $23,192,000 after purchasing an additional 81,100 shares during the period. Institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Performance

HLIO opened at $26.45 on Monday. The stock has a market cap of $880.78 million, a PE ratio of 23.41 and a beta of 1.03. Helios Technologies, Inc. has a 1 year low of $24.90 and a 1 year high of $57.29. The stock’s 50 day simple moving average is $38.13 and its 200-day simple moving average is $44.66. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is 30.77%.

Helios Technologies announced that its board has authorized a share buyback plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.