Dark Forest Capital Management LP Lowers Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Dark Forest Capital Management LP cut its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 32.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,890 shares of the company’s stock after selling 3,240 shares during the period. Dark Forest Capital Management LP’s holdings in Helios Technologies were worth $329,000 as of its most recent SEC filing.

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

Helios Technologies Trading Up 2.3 %

Shares of Helios Technologies stock opened at $47.15 on Friday. The firm’s 50 day simple moving average is $43.51 and its two-hundred day simple moving average is $45.69. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 47.15 and a beta of 0.83. Helios Technologies, Inc. has a 12-month low of $37.50 and a 12-month high of $55.80. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Monday, August 5th. The company reported $0.64 earnings per share (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 firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Analysts predict that Helios Technologies, Inc. will post 2.35 EPS for the current year.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.76%. Helios Technologies’s dividend payout ratio is currently 36.00%.

Analyst Ratings Changes

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

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.