Granite Investment Partners LLC Sells 24,814 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Granite Investment Partners LLC trimmed its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,849 shares of the company's stock after selling 24,814 shares during the quarter. Granite Investment Partners LLC owned approximately 0.42% of Helios Technologies worth $6,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HLIO. Stifel Financial Corp lifted its stake in Helios Technologies by 46.5% during the third quarter. Stifel Financial Corp now owns 50,547 shares of the company's stock worth $2,411,000 after purchasing an additional 16,041 shares during the last quarter. State Street Corp increased its holdings in shares of Helios Technologies by 0.6% in the third quarter. State Street Corp now owns 773,777 shares of the company's stock worth $36,909,000 after buying an additional 4,699 shares during the period. Barclays PLC raised its holdings in shares of Helios Technologies by 230.1% during the third quarter. Barclays PLC now owns 57,451 shares of the company's stock valued at $2,740,000 after acquiring an additional 40,048 shares in the last quarter. Geode Capital Management LLC lifted its stake in Helios Technologies by 1.1% in the third quarter. Geode Capital Management LLC now owns 752,544 shares of the company's stock worth $35,904,000 after acquiring an additional 7,871 shares during the period. Finally, Sara Bay Financial boosted its holdings 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 in the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

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Helios Technologies Stock Up 0.1 %

Helios Technologies stock traded up $0.03 during trading hours on Tuesday, hitting $26.72. 270,061 shares of the stock traded hands, compared to its average volume of 199,306. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29. The firm's 50-day moving average price is $35.09 and its two-hundred day moving average price is $43.53. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a market cap of $889.50 million, a PE ratio of 23.64 and a beta of 1.03.

Helios Technologies announced that its board has approved a share repurchase program on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price objective on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating for the company in a report on Monday.

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.