Helios Technologies (NASDAQ:HLIO) Sees Strong Trading Volume

Shares of Helios Technologies, Inc. (NASDAQ:HLIO) saw unusually-high trading volume on Friday . Approximately 58,124 shares were traded during trading, a decline of 71% from the previous session’s volume of 198,249 shares.The stock last traded at $47.20 and had previously closed at $47.38.

Helios Technologies Stock Down 1.1 %

The firm’s 50-day moving average price is $48.85 and its 200 day moving average price is $45.48. The firm has a market cap of $1.56 billion, a P/E ratio of 47.15 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 2.83 and a debt-to-equity ratio of 0.58.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. The business had revenue of $212.00 million during the quarter, compared to analyst estimates of $205.61 million. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts expect that Helios Technologies, Inc. will post 2.55 earnings per share for the current year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. Helios Technologies’s dividend payout ratio is presently 36.00%.

Hedge Funds Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of HLIO. EntryPoint Capital LLC bought a new position in Helios Technologies in the 1st quarter valued at about $133,000. PNC Financial Services Group Inc. grew its position in Helios Technologies by 703.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock valued at $196,000 after buying an additional 3,778 shares in the last quarter. MQS Management LLC bought a new position in Helios Technologies in the 1st quarter valued at about $246,000. ProShare Advisors LLC grew its position in Helios Technologies by 8.6% in the 1st quarter. ProShare Advisors LLC now owns 5,964 shares of the company’s stock valued at $267,000 after buying an additional 470 shares in the last quarter. Finally, Aristides Capital LLC bought a new position in Helios Technologies in the 4th quarter valued at about $288,000. Institutional investors own 94.72% of the company’s stock.

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.