Inspire Investing LLC Sells 849 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Inspire Investing LLC trimmed its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,282 shares of the company’s stock after selling 849 shares during the quarter. Inspire Investing LLC’s holdings in Helios Technologies were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV grew its position in shares of Helios Technologies by 3.7% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 7,665 shares of the company’s stock valued at $343,000 after acquiring an additional 270 shares during the period. ProShare Advisors LLC raised its stake in shares of Helios Technologies by 8.6% in the first quarter. ProShare Advisors LLC now owns 5,964 shares of the company’s stock worth $267,000 after buying an additional 470 shares during the period. Isthmus Partners LLC lifted its position in shares of Helios Technologies by 1.1% during the 2nd 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. Cardinal Capital Management grew its stake in shares of Helios Technologies by 3.8% during the 2nd quarter. Cardinal Capital Management now owns 19,353 shares of the company’s stock valued at $924,000 after acquiring an additional 702 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Helios Technologies in the 2nd quarter worth approximately $35,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

Helios Technologies Stock Performance

NASDAQ HLIO opened at $44.51 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. Helios Technologies, Inc. has a twelve month low of $37.50 and a twelve month high of $55.80. The business has a 50-day moving average price of $43.46 and a 200-day moving average price of $45.67. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 44.51 and a beta of 0.83.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. During the same period last year, the firm posted $0.81 EPS. The company’s revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Helios Technologies, Inc. will post 2.38 EPS for the current fiscal year.

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.