Helios Technologies, Inc. (NASDAQ:HLIO) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 23.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,808 shares of the company’s stock after buying an additional 5,760 shares during the period. Oppenheimer Asset Management Inc. owned 0.09% of Helios Technologies worth $1,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HLIO. Isthmus Partners LLC grew its position in 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 acquiring an additional 670 shares during the period. Innealta Capital LLC purchased a new stake in shares of Helios Technologies during the 2nd quarter worth about $35,000. nVerses Capital LLC increased its position in Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after purchasing an additional 800 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Helios Technologies in the second quarter valued at approximately $110,000. Finally, EntryPoint Capital LLC acquired a new position in Helios Technologies during the first quarter valued at approximately $133,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Helios Technologies news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $49.86 on Monday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 44.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies, Inc. has a 1-year low of $37.50 and a 1-year high of $57.29. The business has a 50-day moving average of $47.16 and a 200-day moving average of $46.74.

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

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. Helios Technologies’s payout ratio is currently 31.86%.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut 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.

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.