Royce & Associates LP Has $18.54 Million Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Royce & Associates LP lifted its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 34.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,659 shares of the company’s stock after buying an additional 98,900 shares during the period. Royce & Associates LP owned about 1.17% of Helios Technologies worth $18,539,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. grew its position in Helios Technologies by 16.1% during the 1st quarter. Sei Investments Co. now owns 117,032 shares of the company’s stock worth $5,230,000 after acquiring an additional 16,204 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Helios Technologies by 24.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock worth $8,264,000 after acquiring an additional 36,676 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Helios Technologies by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after acquiring an additional 54,205 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Helios Technologies during the 2nd quarter worth approximately $42,900,000. Finally, Raymond James & Associates grew its position in Helios Technologies by 31.6% during the 3rd 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 during the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Helios Technologies Stock Down 1.3 %

Shares of HLIO opened at $49.87 on Friday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 44.13 and a beta of 0.84. 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 business’s fifty day moving average price is $47.16 and its two-hundred day moving average price is $46.73. Helios Technologies, Inc. has a 52 week low of $37.50 and a 52 week high of $57.29.

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

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. Helios Technologies’s payout ratio is 31.86%.

Analyst Ratings Changes

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

About Helios Technologies

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.