Rice Hall James & Associates LLC Invests $1.80 Million in Helios Technologies, Inc. (NASDAQ:HLIO)

Rice Hall James & Associates LLC purchased a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,984 shares of the company's stock, valued at approximately $1,797,000. Rice Hall James & Associates LLC owned about 0.17% of Helios Technologies at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HLIO. Signaturefd LLC boosted its stake in Helios Technologies by 71.8% in the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after buying an additional 287 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Helios Technologies by 0.9% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Helios Technologies by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,909 shares of the company's stock worth $844,000 after acquiring an additional 649 shares in the last quarter. Procyon Advisors LLC boosted 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 period. Finally, KBC Group NV acquired a new position in Helios Technologies during the 1st quarter worth $26,000. Hedge funds and other institutional investors own 94.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HLIO shares. KeyCorp raised Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 price target on the stock in a research report on Thursday, June 26th. Stifel Nicolaus upped their price target on Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird decreased their price target on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th.

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO traded up $1.59 during trading on Thursday, reaching $36.95. 411,428 shares of the stock were exchanged, compared to its average volume of 252,209. Helios Technologies, Inc. has a 12 month low of $24.76 and a 12 month high of $57.29. The firm has a market cap of $1.23 billion, a PE ratio of 32.70 and a beta of 1.26. The stock has a 50-day moving average price of $32.81 and a 200-day moving average price of $35.31. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share 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 period in the prior year, the business earned $0.53 earnings per share. Research analysts expect 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 will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, July 7th. Helios Technologies's payout ratio is 32.43%.

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.