Norges Bank Purchases New Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Norges Bank purchased a new stake in shares of Helios Technologies, Inc. (NASDAQ:HLIOFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 239,997 shares of the company’s stock, valued at approximately $10,884,000. Norges Bank owned 0.73% of Helios Technologies at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLIO. Wellington Management Group LLP raised its position in Helios Technologies by 117.7% during the third quarter. Wellington Management Group LLP now owns 1,118,943 shares of the company’s stock valued at $62,079,000 after buying an additional 605,077 shares during the period. Tributary Capital Management LLC acquired a new position in Helios Technologies in the 4th quarter worth about $7,950,000. Fred Alger Management LLC acquired a new position in Helios Technologies in the 3rd quarter worth about $6,816,000. Ceredex Value Advisors LLC increased its position in Helios Technologies by 29.0% in the 4th quarter. Ceredex Value Advisors LLC now owns 288,119 shares of the company’s stock worth $13,066,000 after purchasing an additional 64,819 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in Helios Technologies by 3.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,007,758 shares of the company’s stock worth $91,052,000 after purchasing an additional 64,712 shares during the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

Shares of HLIO stock opened at $46.69 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.83 and a quick ratio of 1.35. Helios Technologies, Inc. has a fifty-two week low of $37.50 and a fifty-two week high of $67.31. The stock’s 50-day moving average is $47.57 and its two-hundred day moving average is $44.36. The firm has a market cap of $1.55 billion, a P/E ratio of 46.69 and a beta of 0.88.

Helios Technologies (NASDAQ:HLIOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. The company had revenue of $212.00 million for the quarter, compared to analyst estimates of $205.61 million. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. Analysts predict that Helios Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, April 3rd. Helios Technologies’s dividend payout ratio is 36.00%.

Helios Technologies Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Helios Technologies (NASDAQ:HLIO)

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