nVerses Capital LLC Buys 800 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

nVerses Capital LLC raised its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 200.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,200 shares of the company’s stock after purchasing an additional 800 shares during the period. nVerses Capital LLC’s holdings in Helios Technologies were worth $57,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Isthmus Partners LLC raised its position in shares of Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after buying an additional 670 shares during the last quarter. Innealta Capital LLC acquired a new position in Helios Technologies in the 2nd quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new stake in shares of Helios Technologies in the 2nd quarter worth approximately $110,000. EntryPoint Capital LLC acquired a new stake in shares of Helios Technologies during the 1st quarter worth approximately $133,000. Finally, SG Americas Securities LLC bought a new stake in shares of Helios Technologies during the second quarter valued at approximately $138,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Price Performance

Helios Technologies stock opened at $48.35 on Tuesday. The business has a 50 day simple moving average of $44.72 and a 200 day simple moving average of $46.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92 and a quick ratio of 1.49. The company has a market capitalization of $1.61 billion, a PE ratio of 53.72 and a beta of 0.84. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $54.06.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $215.80 million. During the same period last year, the business earned $0.81 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts forecast that Helios Technologies, Inc. will post 2.3 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.74%. Helios Technologies’s dividend payout ratio is 40.00%.

Analyst Ratings Changes

HLIO has been the topic of a number of recent research reports. KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. Stifel Nicolaus decreased their target price 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.

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.