Oppenheimer Asset Management Inc. Buys 880 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Oppenheimer Asset Management Inc. lifted its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,688 shares of the company’s stock after purchasing an additional 880 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.10% of Helios Technologies worth $1,415,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Helios Technologies during the 3rd quarter valued at about $179,000. Stephens Inc. AR purchased a new position in Helios Technologies during the third quarter valued at approximately $205,000. Intech Investment Management LLC bought a new stake in Helios Technologies during the 3rd quarter worth approximately $224,000. Versor Investments LP purchased a new stake in Helios Technologies in the 3rd quarter worth approximately $253,000. Finally, Empower Advisory Group LLC boosted its holdings in Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after purchasing an additional 615 shares during the period. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Performance

NASDAQ:HLIO opened at $37.55 on Tuesday. Helios Technologies, Inc. has a twelve month low of $37.04 and a twelve month high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.25 billion, a P/E ratio of 33.23 and a beta of 0.87. The business’s 50-day moving average price is $43.37 and its two-hundred day moving average price is $46.09.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Friday, January 3rd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 annualized dividend and a yield of 0.96%. Helios Technologies’s payout ratio is presently 30.77%.

Helios Technologies announced that its board has authorized a stock buyback plan on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.