Diamond Hill Capital Management Inc. Invests $13.63 Million in Helios Technologies, Inc. (NASDAQ:HLIO)

Diamond Hill Capital Management Inc. purchased a new stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 285,805 shares of the company's stock, valued at approximately $13,633,000. Diamond Hill Capital Management Inc. owned 0.86% of Helios Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Isthmus Partners LLC lifted its position in Helios Technologies by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 63,669 shares of the company's stock worth $30,000 after acquiring an additional 670 shares during the period. Innealta Capital LLC acquired a new position in shares of Helios Technologies in the 2nd quarter worth $35,000. nVerses Capital LLC boosted its position in 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 acquiring an additional 800 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Helios Technologies during the 2nd quarter worth approximately $110,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Helios Technologies during the 1st quarter worth approximately $133,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Insider Buying and Selling at Helios Technologies

In other Helios Technologies news, Director Diana Sacchi sold 615 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the transaction, the director now directly owns 3,636 shares in the company, valued at approximately $196,016.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

Helios Technologies Price Performance

Shares of HLIO stock traded down $0.96 on Tuesday, hitting $51.30. 69,173 shares of the stock traded hands, compared to its average volume of 205,950. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $46.41 and a two-hundred day simple moving average of $46.61. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 46.20 and a beta of 0.84. Helios Technologies, Inc. has a 52 week low of $37.50 and a 52 week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating 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 business had revenue of $194.50 million during the quarter, compared to analyst estimates of $196.41 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The company's revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Helios Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, October 4th. Helios Technologies's payout ratio is 31.86%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their target price on 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.