Brown Capital Management LLC Has $86.50 Million Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Brown Capital Management LLC lowered its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,813,404 shares of the company's stock after selling 169,366 shares during the period. Helios Technologies makes up about 1.9% of Brown Capital Management LLC's investment portfolio, making the stock its 18th biggest position. Brown Capital Management LLC owned approximately 5.46% of Helios Technologies worth $86,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HLIO. ProShare Advisors LLC lifted its position in shares of Helios Technologies by 8.6% in the first quarter. ProShare Advisors LLC now owns 5,964 shares of the company's stock valued at $267,000 after acquiring an additional 470 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Helios Technologies by 45.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,625 shares of the company's stock worth $609,000 after buying an additional 4,270 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company's stock valued at $144,966,000 after buying an additional 24,975 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Helios Technologies by 326.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,364 shares of the company's stock valued at $553,000 after buying an additional 9,465 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Helios Technologies during the 1st quarter valued at about $246,000. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Performance

HLIO traded up $2.36 during trading hours on Thursday, hitting $52.31. The company's stock had a trading volume of 177,959 shares, compared to its average volume of 206,303. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a fifty-two week low of $37.50 and a fifty-two week high of $57.29. The company has a 50-day simple moving average of $47.74 and a 200 day simple moving average of $46.82. The firm has a market capitalization of $1.74 billion, a PE ratio of 45.66 and a beta of 0.84.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company's revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. As a group, sell-side analysts expect that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.69%. Helios Technologies's dividend payout ratio is currently 31.86%.

Insiders Place Their Bets

In other news, Director Diana Sacchi sold 615 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was 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 $196,016.76. This trade represents a 14.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their target price on Helios Technologies from $64.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th.

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.