Victory Capital Management Inc. Lowers Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Victory Capital Management Inc. reduced its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,437 shares of the company’s stock after selling 284 shares during the period. Victory Capital Management Inc.’s holdings in Helios Technologies were worth $428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. OLD National Bancorp IN increased its stake in Helios Technologies by 13.7% in the 4th quarter. OLD National Bancorp IN now owns 7,264 shares of the company’s stock worth $329,000 after acquiring an additional 877 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Helios Technologies by 95.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,869 shares of the company’s stock worth $448,000 after buying an additional 4,832 shares in the last quarter. Wrapmanager Inc. increased its holdings in shares of Helios Technologies by 33.3% in the 3rd quarter. Wrapmanager Inc. now owns 8,126 shares of the company’s stock worth $451,000 after buying an additional 2,030 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Helios Technologies during the 3rd quarter valued at $486,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Helios Technologies by 28.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,885 shares of the company’s stock worth $548,000 after acquiring an additional 2,185 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Down 2.2 %

Shares of NASDAQ:HLIO opened at $49.85 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of 49.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 2.83. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $67.31. The firm has a fifty day moving average of $46.67 and a 200 day moving average of $43.96.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. The company had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $205.61 million. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. Helios Technologies’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. As a group, research analysts anticipate that Helios Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, April 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.36 annualized dividend and a yield of 0.72%. Helios Technologies’s payout ratio is 36.00%.

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.