Legato Capital Management LLC Makes New $838,000 Investment in Helios Technologies, Inc. (NASDAQ:HLIO)

Legato Capital Management LLC purchased a new stake in Helios Technologies, Inc. (NASDAQ:HLIO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,559 shares of the company’s stock, valued at approximately $838,000. Legato Capital Management LLC owned approximately 0.05% of Helios Technologies as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of Helios Technologies during the 1st quarter worth approximately $133,000. SG Americas Securities LLC acquired a new position in shares of Helios Technologies in the second quarter worth $138,000. PNC Financial Services Group Inc. raised its holdings in shares of Helios Technologies by 703.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock worth $196,000 after acquiring an additional 3,778 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Helios Technologies in the first quarter valued at $246,000. Finally, ProShare Advisors LLC boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Up 0.6 %

Shares of NASDAQ HLIO opened at $43.93 on Wednesday. The firm’s 50 day moving average price is $45.12 and its 200 day moving average price is $45.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The firm has a market cap of $1.46 billion, a P/E ratio of 43.93 and a beta of 0.85. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $59.23.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. During the same quarter last year, the firm earned $0.81 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Helios Technologies, Inc. will post 2.38 earnings per share for the current year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, July 5th. Helios Technologies’s dividend payout ratio is currently 36.00%.

Analyst Ratings Changes

Separately, KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.

Helios Technologies 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.