Procyon Advisors LLC Decreases Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Procyon Advisors LLC lowered its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,468 shares of the company’s stock after selling 1,292 shares during the period. Procyon Advisors LLC’s holdings in Helios Technologies were worth $423,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its holdings in Helios Technologies by 30.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock valued at $86,821,000 after purchasing an additional 428,110 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Helios Technologies by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after buying an additional 54,205 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Helios Technologies in the 2nd quarter valued at about $42,900,000. State Street Corp increased its holdings in Helios Technologies by 0.6% during the 3rd quarter. State Street Corp now owns 773,777 shares of the company’s stock valued at $36,909,000 after acquiring an additional 4,699 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Helios Technologies by 1.1% during the third quarter. Geode Capital Management LLC now owns 752,544 shares of the company’s stock worth $35,904,000 after acquiring an additional 7,871 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the completion of the sale, the director now directly owns 3,636 shares in the company, valued at approximately $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Helios Technologies Stock Down 0.7 %

Shares of NASDAQ:HLIO opened at $43.94 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of 38.88 and a beta of 0.88. The stock’s fifty day simple moving average is $48.78 and its 200-day simple moving average is $46.56. Helios Technologies, Inc. has a 52-week low of $39.08 and a 52-week high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, January 3rd. Helios Technologies’s dividend payout ratio is presently 31.86%.

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.