Squarepoint Ops LLC Acquires Shares of 4,517 Helios Technologies, Inc. (NASDAQ:HLIO)

Squarepoint Ops LLC bought a new position in Helios Technologies, Inc. (NASDAQ:HLIO) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 4,517 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in Helios Technologies by 125.6% during the fourth quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock worth $114,465,000 after acquiring an additional 1,405,098 shares during the last quarter. Vanguard Group Inc. increased its position 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 valued at $145,974,000 after purchasing an additional 88,656 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Helios Technologies by 703.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock valued at $196,000 after buying an additional 3,778 shares during the period. Quadrature Capital Ltd bought a new stake in Helios Technologies in the fourth quarter worth $465,000. Finally, Cardinal Capital Management purchased a new position in Helios Technologies during the first quarter worth $834,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Helios Technologies Trading Up 2.9 %

HLIO opened at $48.50 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The stock’s 50 day moving average price is $44.02 and its 200-day moving average price is $46.02. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $55.78. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 53.89 and a beta of 0.84.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. During the same quarter in the prior year, the company posted $0.81 EPS. Helios Technologies’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts forecast that Helios Technologies, Inc. will post 2.35 EPS for the current year.

Helios Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 4th will be issued a $0.09 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. Helios Technologies’s payout ratio is 40.00%.

Helios Technologies 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.