Gabelli Funds LLC acquired a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 97,859 shares of the company’s stock, valued at approximately $3,266,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake in Helios Technologies by 406.4% in the 1st quarter. Quarry LP now owns 1,023 shares of the company’s stock valued at $33,000 after acquiring an additional 821 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Helios Technologies by 7,183.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,311 shares of the company’s stock worth $42,000 after acquiring an additional 1,293 shares in the last quarter. CWM LLC raised its holdings in shares of Helios Technologies by 1,276.7% in the second quarter. CWM LLC now owns 1,652 shares of the company’s stock valued at $55,000 after purchasing an additional 1,532 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Helios Technologies in the second quarter worth $175,000. Finally, EP Wealth Advisors LLC acquired a new position in Helios Technologies during the first quarter worth $227,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
Helios Technologies Stock Performance
Shares of HLIO stock opened at $56.23 on Thursday. The company has a fifty day moving average price of $53.50 and a two-hundred day moving average price of $46.40. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $58.80. The stock has a market cap of $1.86 billion, a P/E ratio of 49.76 and a beta of 1.30. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were paid a $0.09 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $0.36 annualized dividend and a yield of 0.6%. Helios Technologies’s dividend payout ratio is currently 35.64%.
Analyst Ratings Changes
Several brokerages have commented on HLIO. Stifel Nicolaus set a $65.00 price target on shares of Helios Technologies in a research report on Wednesday, November 5th. KeyCorp lifted their target price on Helios Technologies from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $59.33.
Read Our Latest Analysis on Helios Technologies
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.
Featured Stories
- Five stocks we like better than Helios Technologies
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Market Momentum: 3 Stocks Poised for Major Breakouts
- 3 Tickers Leading a Meme Stock Revival
- 3 Reasons Casey’s General Stores Will Continue Trending Higher
- The 3 Best Blue-Chip Stocks to Buy Now
- Golden Cross Alert: 3 Stocks With Major Upside Potential
Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc. (NASDAQ:HLIO – Free Report).
Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
