Rhumbline Advisers Purchases 726 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Rhumbline Advisers boosted its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,612 shares of the company’s stock after acquiring an additional 726 shares during the period. Rhumbline Advisers owned 0.15% of Helios Technologies worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Helios Technologies during the third quarter worth about $179,000. Stephens Inc. AR acquired a new stake in shares of Helios Technologies during the 3rd quarter valued at $205,000. Intech Investment Management LLC acquired a new stake in shares of Helios Technologies during the third quarter valued at about $224,000. Versor Investments LP bought a new position in shares of Helios Technologies during the third quarter valued at $253,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Helios Technologies in the fourth quarter worth $315,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their target price on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th.

Helios Technologies Stock Performance

NASDAQ:HLIO opened at $37.55 on Tuesday. The company has a fifty day moving average of $43.37 and a 200-day moving average of $46.09. Helios Technologies, Inc. has a twelve month low of $37.04 and a twelve month high of $57.29. The firm has a market capitalization of $1.25 billion, a P/E ratio of 33.23 and a beta of 0.87. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, January 3rd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, January 3rd. Helios Technologies’s payout ratio is 30.77%.

Helios Technologies announced that its board has authorized a share buyback program on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Helios Technologies Company 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.