Diamond Hill Capital Management Inc. Sells 54,130 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Diamond Hill Capital Management Inc. reduced its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 18.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,675 shares of the company's stock after selling 54,130 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.70% of Helios Technologies worth $10,342,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HLIO. Vaughan Nelson Investment Management L.P. grew its stake in shares of Helios Technologies by 5,804.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company's stock valued at $32,182,000 after purchasing an additional 708,715 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Helios Technologies by 30.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company's stock valued at $86,821,000 after acquiring an additional 428,110 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in Helios Technologies by 15.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock valued at $88,679,000 after acquiring an additional 266,127 shares during the last quarter. Sara Bay Financial boosted its stake in Helios Technologies by 25.5% in the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock valued at $54,080,000 after acquiring an additional 247,088 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Helios Technologies in the fourth quarter valued at approximately $7,696,000. 94.72% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price objective on shares of Helios Technologies from $60.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th.

Helios Technologies Trading Down 0.5 %

HLIO stock traded down $0.18 during midday trading on Wednesday, reaching $34.98. The company's stock had a trading volume of 230,505 shares, compared to its average volume of 187,826. Helios Technologies, Inc. has a 52 week low of $34.73 and a 52 week high of $57.29. The stock has a market cap of $1.16 billion, a PE ratio of 30.95 and a beta of 0.90. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The business's 50-day simple moving average is $41.32 and its 200-day simple moving average is $45.49.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.09 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.03%. Helios Technologies's payout ratio is presently 30.77%.

Helios Technologies declared that its Board of Directors has authorized a share repurchase program on Monday, February 24th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

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.