Helios Technologies, Inc. (NASDAQ:HLIO) Shares Purchased by Cardinal Capital Management

Cardinal Capital Management increased its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,353 shares of the company’s stock after purchasing an additional 702 shares during the period. Cardinal Capital Management owned approximately 0.06% of Helios Technologies worth $924,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HLIO. Vanguard Group Inc. lifted its holdings in shares of Helios Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock worth $145,974,000 after acquiring an additional 88,656 shares during the period. Sei Investments Co. boosted its stake 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. Jump Financial LLC bought a new position in Helios Technologies in the fourth quarter valued at approximately $1,159,000. Brown Capital Management LLC raised its holdings in shares of Helios Technologies by 7.0% in the fourth quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock valued at $141,226,000 after purchasing an additional 204,613 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of Helios Technologies by 24.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock valued at $8,264,000 after purchasing an additional 36,676 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Stock Up 1.9 %

Shares of HLIO traded up $0.83 during trading hours on Friday, reaching $43.65. The stock had a trading volume of 139,602 shares, compared to its average volume of 216,890. Helios Technologies, Inc. has a 12 month low of $37.50 and a 12 month high of $59.23. The firm has a 50-day simple moving average of $46.23 and a 200 day simple moving average of $45.71. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 43.65 and a beta of 0.85.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.74% and a net margin of 3.58%. The firm had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Helios Technologies, Inc. will post 2.42 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, July 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. Helios Technologies’s dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analyst Weigh In

Separately, KeyCorp cut shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

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.