Quest Partners LLC Purchases Shares of 13,054 Helios Technologies, Inc. (NASDAQ:HLIO)

Quest Partners LLC purchased a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,054 shares of the company's stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in Helios Technologies in the second quarter worth approximately $35,000. nVerses Capital LLC increased its position in shares of Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company's stock worth $57,000 after purchasing an additional 800 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Helios Technologies in the 2nd quarter valued at about $110,000. SG Americas Securities LLC acquired a new position in Helios Technologies in the second quarter valued at about $138,000. Finally, Stephens Inc. AR purchased a new position in Helios Technologies during the third quarter worth about $205,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Insider Transactions at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the transaction, the director now directly owns 3,636 shares of the company's stock, valued at approximately $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Helios Technologies Trading Up 1.5 %

Shares of NASDAQ HLIO traded up $0.77 during trading on Friday, reaching $53.08. The stock had a trading volume of 101,090 shares, compared to its average volume of 207,112. 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 $1.76 billion, a P/E ratio of 46.97 and a beta of 0.84. Helios Technologies, Inc. has a fifty-two week low of $37.50 and a fifty-two week high of $57.29. The business's 50-day moving average price is $48.22 and its 200-day moving average price is $46.90.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were paid a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. Helios Technologies's dividend payout ratio (DPR) is 31.86%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price objective on shares of Helios Technologies from $64.00 to $63.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th.

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.