Helios Technologies (NASDAQ:HLIO) Shares Up 8% Following Better-Than-Expected Earnings

Helios Technologies, Inc. (NASDAQ:HLIO)’s share price was up 8% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $52.51 and last traded at $52.23. Approximately 66,816 shares traded hands during trading, a decline of 67% from the average daily volume of 203,700 shares. The stock had previously closed at $48.38.

The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. The firm had revenue of $212.00 million for the quarter, compared to analyst estimates of $205.61 million. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. Helios Technologies’s dividend payout ratio is presently 31.58%.

Institutional Trading of Helios Technologies

A number of institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System grew its stake in Helios Technologies by 45.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,625 shares of the company’s stock valued at $609,000 after buying an additional 4,270 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Helios Technologies in the first quarter worth $302,000. ProShare Advisors LLC grew its position in shares of Helios Technologies by 8.6% in the first quarter. ProShare Advisors LLC now owns 5,964 shares of the company’s stock valued at $267,000 after purchasing an additional 470 shares in the last quarter. Isthmus Partners LLC raised its stake in shares of Helios Technologies by 64.8% during the 1st quarter. Isthmus Partners LLC now owns 62,999 shares of the company’s stock valued at $2,815,000 after purchasing an additional 24,773 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Helios Technologies during the 1st quarter worth about $363,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Trading Up 6.8 %

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.74. The firm has a market cap of $1.71 billion, a P/E ratio of 45.31 and a beta of 0.93. The firm has a 50 day simple moving average of $44.96 and a 200 day simple moving average of $43.85.

About Helios Technologies

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.