13,054 Shares in Helios Technologies, Inc. (NASDAQ:HLIO) Purchased by Quest Partners LLC

Quest Partners LLC acquired a new stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,054 shares of the company’s stock, valued at approximately $623,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC increased its position in shares of Helios Technologies by 8.6% during the first quarter. ProShare Advisors LLC now owns 5,964 shares of the company’s stock valued at $267,000 after acquiring an additional 470 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Helios Technologies by 9.9% in the third quarter. Central Pacific Bank Trust Division now owns 6,498 shares of the company’s stock worth $310,000 after purchasing an additional 586 shares during the last quarter. Isthmus Partners LLC lifted its holdings in shares of Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after purchasing an additional 670 shares in the last quarter. Cardinal Capital Management boosted its position in shares of Helios Technologies by 3.8% during the second quarter. Cardinal Capital Management now owns 19,353 shares of the company’s stock valued at $924,000 after buying an additional 702 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Helios Technologies in the 2nd quarter worth about $35,000. Institutional investors own 94.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Helios Technologies Trading Up 1.5 %

NASDAQ:HLIO opened at $53.08 on Friday. The company has a market cap of $1.76 billion, a PE ratio of 46.97 and a beta of 0.84. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $47.98 and a two-hundred day simple moving average of $46.86. Helios Technologies, Inc. has a 12 month low of $37.50 and a 12 month high of $57.29.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. Helios Technologies’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Research analysts forecast that Helios Technologies, Inc. will post 2.14 earnings per share for the current year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.68%. Helios Technologies’s dividend payout ratio (DPR) is 31.86%.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total value of $33,154.65. Following the completion of the sale, the director now directly owns 3,636 shares in the company, valued at $196,016.76. This represents a 14.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.

About Helios Technologies

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.