Quantamental Technologies LLC Takes Position in Helios Technologies (NASDAQ:HLIO)
Quantamental Technologies LLC purchased a new stake in Helios Technologies (NASDAQ:HLIO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,251 shares of the company’s stock, valued at approximately $58,000.
Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Helios Technologies in the second quarter valued at about $87,000. Bank of Montreal Can acquired a new stake in shares of Helios Technologies in the second quarter valued at about $132,000. SG Americas Securities LLC acquired a new stake in shares of Helios Technologies in the second quarter valued at about $139,000. Truvestments Capital LLC acquired a new stake in shares of Helios Technologies in the second quarter valued at about $174,000. Finally, Allred Capital Management LLC acquired a new stake in shares of Helios Technologies in the second quarter valued at about $229,000. 84.53% of the stock is owned by institutional investors.
NASDAQ HLIO traded up $0.11 during trading hours on Friday, hitting $45.08. 2,055 shares of the company’s stock were exchanged, compared to its average volume of 68,576. The firm has a 50-day moving average of $42.96. Helios Technologies has a 1-year low of $30.79 and a 1-year high of $58.13. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 19.62 and a beta of 1.83. The company has a current ratio of 2.51, a quick ratio of 1.34 and a debt-to-equity ratio of 0.61.
In related news, Director Christine L. Koski sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $44.60, for a total transaction of $446,000.00. Also, major shareholder Robert C. Koski sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $44.32, for a total value of $110,800.00. The disclosure for this sale can be found here. Insiders have sold 28,100 shares of company stock valued at $1,298,243 in the last ninety days. 6.30% of the stock is currently owned by insiders.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Helios Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Zacks Investment Research cut Helios Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Morgan Stanley set a $40.00 price target on Helios Technologies and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus decreased their price target on Helios Technologies from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, July 15th.
Helios Technologies Profile
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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