Diamond Hill Capital Management Inc. Has $10.34 Million Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Diamond Hill Capital Management Inc. cut its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,675 shares of the company’s stock after selling 54,130 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.70% of Helios Technologies worth $10,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Helios Technologies during the third quarter worth about $179,000. Intech Investment Management LLC purchased a new position in shares of Helios Technologies in the 3rd quarter worth approximately $224,000. Versor Investments LP bought a new position in shares of Helios Technologies in the third quarter valued at approximately $253,000. US Bancorp DE grew its holdings in shares of Helios Technologies by 321.2% in the fourth quarter. US Bancorp DE now owns 6,705 shares of the company’s stock valued at $299,000 after acquiring an additional 5,113 shares in the last quarter. Finally, Empower Advisory Group LLC increased its position in shares of Helios Technologies by 10.0% during the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th.

Helios Technologies Stock Performance

Shares of HLIO stock opened at $35.95 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 31.81 and a beta of 0.90. Helios Technologies, Inc. has a 52 week low of $34.91 and a 52 week high of $57.29. The firm’s 50-day simple moving average is $41.70 and its two-hundred day simple moving average is $45.59.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.09 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.00%. Helios Technologies’s payout ratio is 30.77%.

Helios Technologies announced that its Board of Directors has initiated a stock buyback plan on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.