Silvercrest Asset Management Group LLC Has $8.26 Million Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Silvercrest Asset Management Group LLC grew its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 24.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,915 shares of the company’s stock after purchasing an additional 36,676 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.56% of Helios Technologies worth $8,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Keeley Teton Advisors LLC acquired a new position in shares of Helios Technologies during the first quarter valued at about $3,293,000. EntryPoint Capital LLC acquired a new position in shares of Helios Technologies during the first quarter valued at about $133,000. MQS Management LLC acquired a new position in shares of Helios Technologies during the first quarter valued at about $246,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Helios Technologies by 326.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,364 shares of the company’s stock valued at $553,000 after purchasing an additional 9,465 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Helios Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock valued at $144,966,000 after purchasing an additional 24,975 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Trading Down 0.3 %

HLIO opened at $45.61 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.83 and a quick ratio of 1.35. Helios Technologies, Inc. has a fifty-two week low of $37.50 and a fifty-two week high of $64.02. The firm has a market capitalization of $1.51 billion, a PE ratio of 21.18 and a beta of 0.85. The company’s 50-day moving average is $47.43 and its 200 day moving average is $45.64.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Wednesday, May 8th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. The company had revenue of $212.00 million for the quarter, compared to analyst estimates of $205.61 million. During the same quarter in the prior year, the business posted $0.72 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Helios Technologies, Inc. will post 2.45 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, July 5th. Helios Technologies’s payout ratio is 36.00%.

Wall Street Analysts Forecast Growth

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.