Conestoga Capital Advisors LLC Grows Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Conestoga Capital Advisors LLC raised its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,986,528 shares of the company's stock after acquiring an additional 266,127 shares during the period. Conestoga Capital Advisors LLC owned approximately 5.98% of Helios Technologies worth $88,679,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in shares of Helios Technologies by 30.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company's stock worth $86,821,000 after purchasing an additional 428,110 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Helios Technologies in the third quarter worth about $13,633,000. Sara Bay Financial grew its stake in shares of Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after acquiring an additional 247,088 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Helios Technologies by 34.1% during the third quarter. Royce & Associates LP now owns 388,659 shares of the company's stock valued at $18,539,000 after acquiring an additional 98,900 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Helios Technologies in the 3rd quarter valued at approximately $2,325,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the company's stock in a transaction that occurred on 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 $196,016.76. This represents a 14.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price target on shares of Helios Technologies from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, January 24th.

Helios Technologies Stock Performance

NASDAQ HLIO traded up $0.39 during trading hours on Tuesday, reaching $43.77. The stock had a trading volume of 81,916 shares, compared to its average volume of 159,733. Helios Technologies, Inc. has a 52-week low of $39.08 and a 52-week high of $57.29. The stock has a fifty day moving average of $47.05 and a 200 day moving average of $46.49. 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 stock has a market cap of $1.45 billion, a P/E ratio of 38.73 and a beta of 0.87.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $194.50 million during the quarter, compared to analysts' expectations of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. Sell-side analysts predict that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, January 3rd. Helios Technologies's dividend payout ratio (DPR) is 31.86%.

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.