Wasatch Advisors LP Maintains 11.6% Stake in Helios Technologies
Ticker: HLIO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1024795
| Field | Detail |
|---|---|
| Company | Helios Technologies, INC. (HLIO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, investor-confidence
TL;DR
**Wasatch Advisors LP still owns 11.6% of Helios Technologies, signaling strong conviction.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amended SC 13G/A on February 9, 2024, disclosing a significant ownership stake of 11.6% in Helios Technologies, Inc. This represents 3,835,129 shares of common stock, all held with sole voting and dispositive power. This filing indicates Wasatch Advisors LP's continued strong conviction in Helios Technologies, which could signal stability and potential for growth to current and prospective shareholders.
Why It Matters
This filing shows a major institutional investor, Wasatch Advisors LP, continues to hold a substantial portion of Helios Technologies, Inc. stock, which can be a vote of confidence for other investors.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should view this continued significant institutional ownership as a positive signal, suggesting long-term confidence in Helios Technologies, Inc. and potentially indicating stability for the stock.
Key Numbers
- 3,835,129 — Shares Owned (Represents the total number of Helios Technologies, Inc. common shares Wasatch Advisors LP holds with sole voting and dispositive power.)
- 11.6% — Percent of Class Owned (Indicates the significant portion of Helios Technologies, Inc. that Wasatch Advisors LP controls, highlighting their influence.)
Key Players & Entities
- Wasatch Advisors LP (company) — the investment adviser filing the SC 13G/A
- Helios Technologies, Inc. (company) — the issuer of the common stock
- 3,835,129 (dollar_amount) — number of shares of common stock owned by Wasatch Advisors LP
- 11.6% (dollar_amount) — percentage of class owned by Wasatch Advisors LP
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant ownership stake in Helios Technologies, Inc. for the foreseeable future. (Wasatch Advisors LP) — high confidence, target: 2025-02-09
FAQ
What is the primary purpose of this SC 13G/A filing by Wasatch Advisors LP?
The primary purpose of this SC 13G/A filing is to amend previous Schedule 13G filings, disclosing that Wasatch Advisors LP continues to hold 11.6% of Helios Technologies, Inc.'s common stock, totaling 3,835,129 shares, as of the filing date of February 9, 2024.
How many shares of Helios Technologies, Inc. does Wasatch Advisors LP have sole voting power over?
Wasatch Advisors LP has sole voting power over 3,835,129 shares of Helios Technologies, Inc. common stock, as stated in Item 5 and Item 4(c)(i) of the filing.
What percentage of Helios Technologies, Inc.'s common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 11.6% of the class of common stock of Helios Technologies, Inc., as detailed in Item 11 and Item 4(b) of the filing.
What is the CUSIP number for Helios Technologies, Inc. common stock mentioned in the filing?
The CUSIP number for Helios Technologies, Inc. common stock is 42328H109, as specified in the filing under 'Title of Class of Securities' and Item 2(e).
What type of reporting person is Wasatch Advisors LP, according to the filing?
Wasatch Advisors LP is identified as an 'IA' (Investment Adviser registered under section 203 of the Investment Advisers Act of 1940), as indicated in Item 12 and Item 3(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding HELIOS TECHNOLOGIES, INC. (HLIO).