Wrapmanager Inc. Decreases Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Wrapmanager Inc. cut its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,859 shares of the company’s stock after selling 267 shares during the quarter. Wrapmanager Inc.’s holdings in Helios Technologies were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLIO. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Helios Technologies by 22.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,037 shares of the company’s stock valued at $279,000 after buying an additional 931 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Helios Technologies by 13.7% during the fourth quarter. OLD National Bancorp IN now owns 7,264 shares of the company’s stock worth $329,000 after acquiring an additional 877 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Helios Technologies by 4.0% in the third quarter. Fifth Third Bancorp now owns 7,232 shares of the company’s stock valued at $401,000 after purchasing an additional 278 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Helios Technologies during the 3rd quarter valued at $486,000. Finally, Victory Capital Management Inc. lifted its holdings in Helios Technologies by 34.3% during the 3rd quarter. Victory Capital Management Inc. now owns 9,721 shares of the company’s stock worth $539,000 after purchasing an additional 2,485 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Price Performance

NASDAQ HLIO traded up $3.27 during trading hours on Thursday, hitting $51.65. The company had a trading volume of 414,761 shares, compared to its average volume of 207,651. The firm has a 50 day simple moving average of $44.96 and a 200 day simple moving average of $43.85. Helios Technologies, Inc. has a 52 week low of $37.50 and a 52 week high of $67.31. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 45.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.74.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. Helios Technologies had a net margin of 4.49% and a return on equity of 9.19%. The company had revenue of $212.00 million during the quarter, compared to analysts’ expectations of $205.61 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. Helios Technologies’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Helios Technologies, Inc. will post 2.42 earnings per share for the current year.

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, April 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. Helios Technologies’s payout ratio is currently 31.58%.

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.