Royce & Associates LP Has $18.54 Million Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Royce & Associates LP boosted its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 34.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,659 shares of the company's stock after purchasing an additional 98,900 shares during the quarter. Royce & Associates LP owned about 1.17% of Helios Technologies worth $18,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLIO. Isthmus Partners LLC raised its position in shares of Helios Technologies by 1.1% in the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company's stock valued at $30,000 after buying an additional 670 shares in the last quarter. Innealta Capital LLC acquired a new position in Helios Technologies in the 2nd quarter valued at $35,000. nVerses Capital LLC lifted its position in shares of Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company's stock valued at $57,000 after acquiring an additional 800 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Helios Technologies during the 2nd quarter worth $110,000. Finally, EntryPoint Capital LLC bought a new position in shares of Helios Technologies in the first quarter worth $133,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on shares of Helios Technologies from $64.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th.

Insider Activity

In other news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the sale, the director now directly owns 3,636 shares of the company's stock, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Helios Technologies Price Performance

Shares of NASDAQ HLIO traded down $0.66 during trading hours on Friday, hitting $49.86. 168,165 shares of the stock were exchanged, compared to its average volume of 206,579. Helios Technologies, Inc. has a 1-year low of $37.50 and a 1-year high of $57.29. The company has a market cap of $1.66 billion, a PE ratio of 44.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company's fifty day simple moving average is $47.16 and its two-hundred day simple moving average is $46.74.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The company had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same quarter last year, the company posted $0.44 EPS. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.72%. Helios Technologies's dividend payout ratio (DPR) is currently 31.86%.

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.