Numerai GP LLC Trims Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Numerai GP LLC trimmed its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 77.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,937 shares of the company's stock after selling 26,791 shares during the period. Numerai GP LLC's holdings in Helios Technologies were worth $354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLIO. Signaturefd LLC increased its position in shares of Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after buying an additional 287 shares during the period. King Luther Capital Management Corp increased its position in shares of Helios Technologies by 0.4% during the fourth quarter. King Luther Capital Management Corp now owns 70,733 shares of the company's stock valued at $3,158,000 after buying an additional 291 shares during the period. Inspire Investing LLC increased its position in shares of Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock valued at $400,000 after buying an additional 301 shares during the period. Empower Advisory Group LLC grew its holdings in Helios Technologies by 10.0% in the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after purchasing an additional 615 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Helios Technologies by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,909 shares of the company's stock worth $844,000 after purchasing an additional 649 shares during the period. 94.72% of the stock is owned by institutional investors.

Helios Technologies Trading Up 0.2%

Shares of HLIO traded up $0.05 during mid-day trading on Monday, reaching $32.71. 348,918 shares of the company's stock traded hands, compared to its average volume of 214,228. The stock has a market cap of $1.09 billion, a P/E ratio of 28.95 and a beta of 1.22. The stock's 50-day moving average is $30.15 and its two-hundred day moving average is $40.46. Helios Technologies, Inc. has a 12 month low of $24.76 and a 12 month high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released 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%. During the same quarter in the previous year, the business earned $0.53 EPS. The business's revenue was down 7.8% on a year-over-year basis. Research analysts forecast that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies announced that its board has approved a share repurchase program on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.10%. Helios Technologies's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HLIO shares. Stifel Nicolaus increased their price target on shares of Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Robert W. Baird cut their price target 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.

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.