Helios Technologies (NASDAQ:HLIO) Sees Large Decrease in Short Interest

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Helios Technologies (NASDAQ:HLIO) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 998,600 shares, a decline of 10.0% from the December 15th total of 1,110,000 shares. Based on an average trading volume of 62,600 shares, the short-interest ratio is presently 16.0 days. Approximately 3.4% of the company’s shares are short sold.

Several research firms have recently issued reports on HLIO. SunTrust Banks assumed coverage on shares of Helios Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $48.00 price objective for the company. ValuEngine lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Finally, Zacks Investment Research raised shares of Helios Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.67.

Shares of HLIO traded up $0.88 during midday trading on Tuesday, reaching $46.56. 76,081 shares of the company were exchanged, compared to its average volume of 66,600. Helios Technologies has a 1-year low of $32.49 and a 1-year high of $53.60. The stock has a 50-day moving average price of $45.50 and a 200-day moving average price of $43.51. The company has a current ratio of 2.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 20.24 and a beta of 1.82.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Tuesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $136.74 million. Helios Technologies had a return on equity of 14.36% and a net margin of 11.08%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Equities research analysts anticipate that Helios Technologies will post 2.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Sunday, January 5th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, January 2nd. Helios Technologies’s dividend payout ratio is presently 15.65%.

In related news, Director Douglas Britt sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $45.50, for a total value of $91,000.00. Following the transaction, the director now owns 9,500 shares in the company, valued at $432,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine L. Koski sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $45.68, for a total transaction of $913,600.00. Following the completion of the transaction, the director now owns 52,811 shares in the company, valued at approximately $2,412,406.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,421 shares of company stock valued at $1,295,728. 6.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in shares of Helios Technologies during the second quarter valued at approximately $28,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Helios Technologies during the 2nd quarter valued at $33,000. Tower Research Capital LLC TRC purchased a new stake in Helios Technologies during the 3rd quarter worth $37,000. NumerixS Investment Technologies Inc purchased a new stake in Helios Technologies during the 2nd quarter worth $42,000. Finally, Victory Capital Management Inc. acquired a new position in Helios Technologies in the 2nd quarter worth $68,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.

About Helios Technologies

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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