Victory Capital Management Inc. Decreases Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Victory Capital Management Inc. cut its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,361 shares of the company’s stock after selling 1,895 shares during the quarter. Victory Capital Management Inc.’s holdings in Helios Technologies were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HLIO. Vanguard Group Inc. boosted its stake in shares of Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock valued at $144,966,000 after buying an additional 24,975 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Helios Technologies by 326.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,364 shares of the company’s stock worth $553,000 after purchasing an additional 9,465 shares in the last quarter. First Hawaiian Bank purchased a new stake in Helios Technologies during the second quarter worth $448,000. Cardinal Capital Management boosted its position in Helios Technologies by 3.8% during the second quarter. Cardinal Capital Management now owns 19,353 shares of the company’s stock worth $924,000 after purchasing an additional 702 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Helios Technologies during the second quarter worth $138,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Stock Up 0.4 %

HLIO opened at $52.32 on Friday. The business’s fifty day moving average is $49.13 and its two-hundred day moving average is $46.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 46.30 and a beta of 0.84. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $57.29.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. Analysts anticipate that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. Helios Technologies’s dividend payout ratio is currently 31.86%.

Insider Activity

In other news, Director Diana Sacchi sold 615 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total value of $33,154.65. Following the sale, the director now directly owns 3,636 shares in the company, valued at $196,016.76. This represents a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their target price on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

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.