Voloridge Investment Management LLC Reduces Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Voloridge Investment Management LLC lessened its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 54.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,648 shares of the company's stock after selling 53,978 shares during the period. Voloridge Investment Management LLC owned 0.13% of Helios Technologies worth $1,993,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in shares of Helios Technologies by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,364 shares of the company's stock worth $418,000 after purchasing an additional 3,081 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Helios Technologies by 3.6% during the fourth 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 during the period. Janus Henderson Group PLC grew its holdings in shares of Helios Technologies by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 637,703 shares of the company's stock worth $28,467,000 after buying an additional 5,684 shares during the last quarter. Deutsche Bank AG increased its position in Helios Technologies by 51.6% in the 4th quarter. Deutsche Bank AG now owns 31,174 shares of the company's stock valued at $1,392,000 after acquiring an additional 10,616 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Helios Technologies by 16.8% during the 4th quarter. Ameriprise Financial Inc. now owns 157,551 shares of the company's stock valued at $7,033,000 after acquiring an additional 22,680 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Performance

NASDAQ HLIO traded down $1.46 during trading hours on Monday, hitting $28.87. 372,253 shares of the stock were exchanged, compared to its average volume of 223,674. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The company has a market cap of $962.13 million, a price-to-earnings ratio of 25.54 and a beta of 1.22. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29. The stock has a 50-day moving average of $29.20 and a 200 day moving average of $38.87.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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 company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, equities research analysts forecast that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, April 4th. Helios Technologies's dividend payout ratio (DPR) is currently 32.43%.

Helios Technologies declared that its board has authorized a share buyback program on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. 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 research note on Thursday, May 8th.

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.