Helios Technologies, Inc. (NASDAQ:HLIO) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,176 shares of the company’s stock after purchasing an additional 10,225 shares during the quarter. Sei Investments Co. owned approximately 0.56% of Helios Technologies worth $8,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLIO. Signaturefd LLC grew its position in shares of Helios Technologies by 71.8% in the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after buying an additional 287 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of Helios Technologies by 0.4% during the fourth quarter. King Luther Capital Management Corp now owns 70,733 shares of the company’s stock worth $3,158,000 after purchasing an additional 291 shares during the last quarter. Inspire Investing LLC increased its position in shares of Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock worth $400,000 after purchasing an additional 301 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after purchasing an additional 615 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Helios Technologies by 1.5% in the 4th quarter. Rhumbline Advisers now owns 50,612 shares of the company’s stock valued at $2,259,000 after purchasing an additional 726 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

Helios Technologies Trading Down 5.3 %

Shares of Helios Technologies stock opened at $32.21 on Monday. 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 capitalization of $1.07 billion, a P/E ratio of 28.50 and a beta of 0.90. Helios Technologies, Inc. has a 1 year low of $32.10 and a 1 year high of $57.29. The company’s fifty day moving average is $39.61 and its two-hundred day moving average is $45.08.

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

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, April 4th. Helios Technologies’s dividend payout ratio is currently 30.77%.

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.