Advantage Alpha Capital Partners LP Lowers Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Advantage Alpha Capital Partners LP trimmed its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 7.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,351 shares of the company’s stock after selling 3,285 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Helios Technologies were worth $1,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Helios Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock worth $148,568,000 after purchasing an additional 13,059 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in Helios Technologies by 15.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock valued at $88,679,000 after purchasing an additional 266,127 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Helios Technologies by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company’s stock valued at $82,219,000 after purchasing an additional 21,683 shares during the last quarter. Sara Bay Financial raised its holdings in Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock worth $54,080,000 after purchasing an additional 247,088 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Helios Technologies by 0.6% during the 3rd quarter. State Street Corp now owns 773,777 shares of the company’s stock worth $36,909,000 after buying an additional 4,699 shares during the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Helios Technologies Trading Down 2.1 %

NASDAQ HLIO opened at $33.69 on Monday. The company has a market cap of $1.12 billion, a P/E ratio of 29.81 and a beta of 0.90. Helios Technologies, Inc. has a 12 month low of $33.10 and a 12 month high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a 50-day moving average of $40.65 and a 200-day moving average of $45.32.

Helios Technologies Dividend Announcement

The company 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 dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.07%. Helios Technologies’s dividend payout ratio is currently 30.77%.

Helios Technologies declared that its board has approved a share buyback program on Monday, February 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Helios Technologies Company 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.