Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,361 shares of the company’s stock after selling 1,895 shares during the quarter. Victory Capital Management Inc.’s holdings in Helios Technologies were worth $447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Helios Technologies by 4.4% during the second 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 acquired a new stake in Helios Technologies during the second quarter worth about $42,900,000. Raymond James & Associates increased its stake in Helios Technologies by 31.6% during 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 during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Helios Technologies during the third quarter worth about $13,633,000. Finally, Legato Capital Management LLC acquired a new stake in Helios Technologies during the second quarter worth about $838,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Helios Technologies

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 transaction of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO opened at $52.32 on Friday. The company has a market cap of $1.74 billion, a P/E ratio of 46.30 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. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $57.29. The business’s 50-day simple moving average is $49.13 and its 200 day simple moving average is $46.99.

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

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. Helios Technologies’s payout ratio is currently 31.86%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price target on 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.