Cardinal Capital Management Buys Shares of 18,651 Helios Technologies, Inc. (NASDAQ:HLIO)

Cardinal Capital Management purchased a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) during the first quarter, HoldingsChannel reports. The fund purchased 18,651 shares of the company’s stock, valued at approximately $834,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Helios Technologies by 2.8% during the 4th 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 during the period. Brown Capital Management LLC raised its position in shares of Helios Technologies by 7.0% during the fourth quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock worth $141,226,000 after purchasing an additional 204,613 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Helios Technologies by 125.6% during the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock valued at $114,465,000 after purchasing an additional 1,405,098 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of 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 purchasing an additional 64,712 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Helios Technologies by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,198,815 shares of the company’s stock worth $54,365,000 after purchasing an additional 58,010 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Stock Performance

Shares of HLIO opened at $48.16 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 48.16 and a beta of 0.88. Helios Technologies, Inc. has a twelve month low of $37.50 and a twelve month high of $67.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 2.83. The firm’s 50 day moving average price is $48.65 and its two-hundred day moving average price is $45.33.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. The business had revenue of $212.00 million for 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 firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. On average, analysts forecast that Helios Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. Helios Technologies’s dividend payout ratio is currently 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.