Tower Research Capital LLC TRC Has $50,000 Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Tower Research Capital LLC TRC decreased its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,124 shares of the company's stock after selling 11,263 shares during the quarter. Tower Research Capital LLC TRC's holdings in Helios Technologies were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Signaturefd LLC increased its position in Helios Technologies by 71.8% during the fourth 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. US Bancorp DE boosted its stake in shares of Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company's stock worth $299,000 after acquiring an additional 5,113 shares in the last quarter. Empower Advisory Group LLC increased its holdings in shares of Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after acquiring an additional 615 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Helios Technologies in the 4th quarter valued at approximately $315,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Helios Technologies in the 4th quarter worth approximately $330,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Analyst Ratings Changes

HLIO has been the topic of several analyst reports. Robert W. Baird lowered their price target on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus upped their price objective on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

Helios Technologies Stock Performance

HLIO traded down $0.15 during midday trading on Friday, reaching $32.66. The company's stock had a trading volume of 289,361 shares, compared to its average volume of 213,881. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $30.24 and a 200 day simple moving average of $40.64. The stock has a market cap of $1.09 billion, a P/E ratio of 28.90 and a beta of 1.22. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced 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 net margin of 4.57% and a return on equity of 8.22%. Helios Technologies's revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Research analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's dividend payout ratio is presently 32.43%.

Helios Technologies announced that its board has authorized a share buyback program on Monday, February 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.