Royce & Associates LP Boosts Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Royce & Associates LP boosted its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 434,799 shares of the company's stock after acquiring an additional 46,140 shares during the period. Royce & Associates LP owned 1.31% of Helios Technologies worth $19,409,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Helios Technologies in the 3rd quarter valued at about $179,000. Intech Investment Management LLC acquired a new position in Helios Technologies during the 3rd quarter worth approximately $224,000. Versor Investments LP acquired a new position in Helios Technologies during the 3rd quarter worth approximately $253,000. US Bancorp DE increased its position 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 purchasing an additional 5,113 shares during the period. Finally, Empower Advisory Group LLC increased its position in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after purchasing an additional 615 shares during the period. Institutional investors and hedge funds own 94.72% of the company's stock.

Analysts Set New Price Targets

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

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Helios Technologies Stock Performance

NASDAQ HLIO traded down $0.61 on Thursday, hitting $34.40. 291,207 shares of the company's stock were exchanged, compared to its average volume of 188,416. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm's 50-day moving average price is $41.09 and its two-hundred day moving average price is $45.42. Helios Technologies, Inc. has a fifty-two week low of $33.53 and a fifty-two week high of $57.29. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 30.44 and a beta of 0.90.

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 issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, April 4th. Helios Technologies's dividend payout ratio is currently 30.77%.

Helios Technologies announced that its board has authorized a share repurchase program on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors 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.