Helios Technologies, Inc. (NASDAQ:HLIO) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,176 shares of the company's stock after purchasing an additional 10,225 shares during the quarter. Sei Investments Co. owned approximately 0.56% of Helios Technologies worth $8,356,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Conestoga Capital Advisors LLC boosted its position in Helios Technologies by 15.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock worth $88,679,000 after acquiring an additional 266,127 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Helios Technologies by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company's stock valued at $82,219,000 after purchasing an additional 21,683 shares in the last quarter. Sara Bay Financial increased its holdings in shares of 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 purchasing an additional 247,088 shares during the last quarter. State Street Corp lifted its position in Helios Technologies by 0.6% during 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Helios Technologies by 1.1% during the third quarter. Geode Capital Management LLC now owns 752,544 shares of the company's stock worth $35,904,000 after buying an additional 7,871 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Helios Technologies Trading Down 13.5 %

Shares of Helios Technologies stock traded down $4.32 during mid-day trading on Thursday, hitting $27.72. The stock had a trading volume of 302,629 shares, compared to its average volume of 193,465. The firm has a 50-day moving average of $38.48 and a two-hundred day moving average of $44.74. The firm has a market cap of $922.87 million, a P/E ratio of 24.53 and a beta of 1.03. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 12-month low of $27.67 and a 12-month high of $57.29.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid 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 yield of 1.30%. Helios Technologies's dividend payout ratio (DPR) is 30.77%.

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

Helios Technologies 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.