First Hawaiian Bank Acquires Shares of 9,384 Helios Technologies, Inc. (NASDAQ:HLIO)

First Hawaiian Bank acquired a new position in Helios Technologies, Inc. (NASDAQ:HLIO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,384 shares of the company’s stock, valued at approximately $448,000.

Several other hedge funds have also modified their holdings of HLIO. Mirae Asset Global Investments Co. Ltd. raised its holdings in Helios Technologies by 6.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,187 shares of the company’s stock worth $689,000 after purchasing an additional 938 shares during the period. Ceredex Value Advisors LLC lifted its position in shares of Helios Technologies by 29.0% during the 4th quarter. Ceredex Value Advisors LLC now owns 288,119 shares of the company’s stock valued at $13,066,000 after buying an additional 64,819 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in Helios Technologies by 3.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,007,758 shares of the company’s stock valued at $91,052,000 after acquiring an additional 64,712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Helios Technologies by 95.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,869 shares of the company’s stock worth $448,000 after acquiring an additional 4,832 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in Helios Technologies by 13.7% during the fourth quarter. OLD National Bancorp IN now owns 7,264 shares of the company’s stock valued at $329,000 after purchasing an additional 877 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Helios Technologies Price Performance

Shares of NASDAQ HLIO traded up $2.45 during midday trading on Tuesday, hitting $43.95. The stock had a trading volume of 118,305 shares, compared to its average volume of 214,574. The company has a quick ratio of 1.35, a current ratio of 2.83 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $46.83 and a 200-day simple moving average of $45.71. The company has a market capitalization of $1.46 billion, a PE ratio of 43.53 and a beta of 0.85. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $63.09.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. The company had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. During the same quarter last year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts expect that Helios Technologies, Inc. will post 2.45 EPS for the current fiscal year.

Helios Technologies Announces Dividend

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

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.