Dynamic Technology Lab Private Ltd Takes $905,000 Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Dynamic Technology Lab Private Ltd acquired a new stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,280 shares of the company's stock, valued at approximately $905,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Helios Technologies at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its position in Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after buying an additional 287 shares in the last quarter. US Bancorp DE lifted its stake in Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company's stock worth $299,000 after acquiring an additional 5,113 shares in the last quarter. Empower Advisory Group LLC boosted its holdings in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after acquiring an additional 615 shares during the period. Ameritas Advisory Services LLC acquired a new position in Helios Technologies in the 4th quarter valued at about $315,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Helios Technologies during the fourth quarter worth about $330,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut their target price 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.

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Helios Technologies Stock Down 0.7 %

NASDAQ:HLIO traded down $0.20 during trading hours on Friday, hitting $26.73. The company's stock had a trading volume of 44,408 shares, compared to its average volume of 198,844. The stock has a fifty day moving average of $36.09 and a 200-day moving average of $43.92. The stock has a market capitalization of $890.00 million, a P/E ratio of 23.61 and a beta of 1.03. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $57.29. 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 declared that its board has approved a share buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. Helios Technologies's dividend payout ratio is presently 30.77%.

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.