Nisa Investment Advisors LLC Reduces Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Nisa Investment Advisors LLC reduced its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,433 shares of the company’s stock after selling 1,309 shares during the period. Nisa Investment Advisors LLC’s holdings in Helios Technologies were worth $473,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HLIO. Amalgamated Bank boosted its holdings in shares of Helios Technologies by 3.3% in the fourth quarter. Amalgamated Bank now owns 5,410 shares of the company’s stock valued at $295,000 after acquiring an additional 175 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Helios Technologies by 1.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 13,031 shares of the company’s stock valued at $709,000 after acquiring an additional 177 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Helios Technologies by 5.5% in the second quarter. Baird Financial Group Inc. now owns 3,541 shares of the company’s stock valued at $234,000 after acquiring an additional 184 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Helios Technologies by 1.0% in the third quarter. Pinnacle Associates Ltd. now owns 19,497 shares of the company’s stock valued at $1,082,000 after acquiring an additional 200 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in shares of Helios Technologies by 5.0% in the first quarter. First Republic Investment Management Inc. now owns 4,380 shares of the company’s stock valued at $286,000 after acquiring an additional 207 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Price Performance

HLIO stock opened at $46.09 on Thursday. The company has a market capitalization of $1.53 billion, a P/E ratio of 19.47 and a beta of 0.96. Helios Technologies, Inc. has a twelve month low of $37.50 and a twelve month high of $67.31. The business has a 50 day simple moving average of $43.98 and a 200-day simple moving average of $44.61. The company has a current ratio of 2.74, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.13. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The business had revenue of $193.40 million during the quarter, compared to the consensus estimate of $183.87 million. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Helios Technologies, Inc. will post 2.44 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, April 4th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, April 3rd. Helios Technologies’s dividend payout ratio is presently 31.58%.

Helios Technologies Company 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.