Conestoga Capital Advisors LLC Sells 287,885 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Conestoga Capital Advisors LLC trimmed its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 14.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,720,401 shares of the company’s stock after selling 287,885 shares during the period. Conestoga Capital Advisors LLC owned 5.18% of Helios Technologies worth $82,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HLIO. Vanguard Group Inc. raised its stake in Helios Technologies by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock worth $145,974,000 after buying an additional 88,656 shares in the last quarter. Sei Investments Co. boosted its position in shares of Helios Technologies by 16.1% during the 1st quarter. Sei Investments Co. now owns 117,032 shares of the company’s stock worth $5,230,000 after purchasing an additional 16,204 shares during the period. Silvercrest Asset Management Group LLC boosted its position in Helios Technologies by 24.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock valued at $8,264,000 after buying an additional 36,676 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Helios Technologies by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after purchasing an additional 54,205 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Helios Technologies during the 2nd quarter worth $42,900,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Up 3.5 %

Shares of NASDAQ HLIO traded up $1.63 during trading hours on Friday, hitting $47.76. The company had a trading volume of 44,713 shares, compared to its average volume of 204,160. Helios Technologies, Inc. has a 1-year low of $37.50 and a 1-year high of $54.06. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.59 billion, a P/E ratio of 51.22 and a beta of 0.84. The firm’s 50 day moving average is $45.34 and its 200-day moving average is $46.31.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Monday, August 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The firm had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts expect that Helios Technologies, Inc. will post 2.3 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, October 4th. Helios Technologies’s payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLIO. KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus decreased their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research report 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.