Helios Technologies, Inc. (NASDAQ:HLIO) Shares Acquired by Diamond Hill Capital Management Inc.

Key Points

• Diamond Hill Capital Management Inc. increased its stake in Helios Technologies by 11% during the first quarter, owning 257,251 shares valued at $8.25 million.
• Helios Technologies recently announced a quarterly dividend of $0.09 per share, providing a yield of 0.94% with a payout ratio of 32.43%.
• Brokerages have raised their target prices for Helios Technologies, with Stifel Nicolaus increasing its target from $39 to $43 and KeyCorp upgrading its rating to "overweight."

Diamond Hill Capital Management Inc. increased its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 257,251 shares of the company's stock after acquiring an additional 25,576 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.77% of Helios Technologies worth $8,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV purchased a new stake in shares of Helios Technologies in the 1st quarter valued at $26,000. GAMMA Investing LLC increased its stake in shares of Helios Technologies by 2,361.9% in the 1st quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock worth $145,000 after acquiring an additional 4,464 shares in the last quarter. Aquatic Capital Management LLC increased its stake in shares of Helios Technologies by 148.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock worth $167,000 after acquiring an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Helios Technologies during the 4th quarter valued at about $214,000. Finally, Procyon Advisors LLC grew its position in Helios Technologies by 8.4% during the 1st quarter. Procyon Advisors LLC now owns 10,267 shares of the company's stock valued at $329,000 after purchasing an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Price Performance

Shares of NASDAQ:HLIO traded up $0.02 during midday trading on Monday, reaching $38.20. 51,068 shares of the company's stock traded hands, compared to its average volume of 312,917. The company has a fifty day simple moving average of $33.43 and a two-hundred day simple moving average of $34.79. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. 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 $1.27 billion, a P/E ratio of 33.74 and a beta of 1.26.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Equities analysts predict that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, July 7th. Helios Technologies's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HLIO. Robert W. Baird dropped their price objective on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. KeyCorp raised shares of Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 target price for the company in a report on Thursday, June 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Helios Technologies from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, July 21st.

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.