Mesirow Institutional Investment Management Inc. Boosts Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Mesirow Institutional Investment Management Inc. grew its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 332,729 shares of the company's stock after purchasing an additional 66,500 shares during the quarter. Mesirow Institutional Investment Management Inc. owned 1.00% of Helios Technologies worth $14,853,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HLIO. Signaturefd LLC grew its stake in Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after purchasing an additional 287 shares in the last quarter. US Bancorp DE raised its holdings in shares of Helios Technologies by 321.2% in the 4th quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after purchasing an additional 5,113 shares in the last quarter. Empower Advisory Group LLC grew its stake in shares of Helios Technologies by 10.0% during the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after purchasing an additional 615 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Helios Technologies in the fourth quarter valued at $315,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Helios Technologies in the fourth quarter valued at $330,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price target on Helios Technologies from $58.00 to $35.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

Helios Technologies Price Performance

Shares of NASDAQ:HLIO traded down $0.16 during trading on Friday, hitting $27.70. 46,628 shares of the stock were exchanged, compared to its average volume of 200,366. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29. The company has a market cap of $922.17 million, a PE ratio of 24.45 and a beta of 1.03. The company has a fifty day moving average price of $32.97 and a two-hundred day moving average price of $42.54. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's payout ratio is 30.77%.

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

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.