Conestoga Capital Advisors LLC Sells 15,065 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Conestoga Capital Advisors LLC trimmed its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 0.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,971,463 shares of the company's stock after selling 15,065 shares during the quarter. Conestoga Capital Advisors LLC owned about 5.92% of Helios Technologies worth $63,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after acquiring an additional 287 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Helios Technologies by 0.4% in the fourth quarter. King Luther Capital Management Corp now owns 70,733 shares of the company's stock valued at $3,158,000 after purchasing an additional 291 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Helios Technologies by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,895 shares of the company's stock worth $2,763,000 after purchasing an additional 543 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after buying an additional 615 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Helios Technologies by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,909 shares of the company's stock worth $844,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HLIO shares. Stifel Nicolaus boosted their target price on Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird lowered their price objective on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th.

Helios Technologies Trading Down 1.9%

HLIO stock traded down $0.61 during midday trading on Friday, reaching $31.23. The company's stock had a trading volume of 712,112 shares, compared to its average volume of 237,945. The business's 50-day simple moving average is $30.12 and its 200-day simple moving average is $37.31. 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, Inc. has a 52 week low of $24.76 and a 52 week high of $57.29. The stock has a market cap of $1.04 billion, a PE ratio of 27.63 and a beta of 1.25.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. Helios Technologies's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. As a group, sell-side analysts expect that Helios Technologies, Inc. will post 2.06 EPS for the current year.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a $0.09 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. Helios Technologies's dividend payout ratio (DPR) is presently 32.43%.

Helios Technologies declared that its Board of Directors has initiated a share buyback plan on Monday, February 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

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.