Probity Advisors Inc. reduced its position in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 22.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,998 shares of the industrial products company’s stock after selling 7,061 shares during the period. Probity Advisors Inc.’s holdings in Hollysys Automation Technologies were worth $265,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in shares of Hollysys Automation Technologies in the second quarter worth $157,000. Sawtooth Solutions LLC bought a new position in shares of Hollysys Automation Technologies in the second quarter worth $199,000. Trexquant Investment LP grew its stake in shares of Hollysys Automation Technologies by 56.4% in the second quarter. Trexquant Investment LP now owns 20,147 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 7,264 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Hollysys Automation Technologies in the third quarter worth $302,000. Finally, Brinker Capital Inc. grew its stake in shares of Hollysys Automation Technologies by 62.5% in the second quarter. Brinker Capital Inc. now owns 23,575 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 9,067 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Zacks Investment Research raised Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub cut Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Finally, ValuEngine cut Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd.
Shares of NASDAQ HOLI traded down $0.07 during mid-day trading on Tuesday, hitting $11.78. 1,233 shares of the company traded hands, compared to its average volume of 259,469. Hollysys Automation Technologies Ltd. has a 1 year low of $9.52 and a 1 year high of $17.59. The stock has a market capitalization of $717.36 million, a price-to-earnings ratio of 9.05 and a beta of 0.95. The company has a quick ratio of 3.44, a current ratio of 3.59 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $11.56 and a two-hundred day moving average of $12.30.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Tuesday, November 17th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.12). Hollysys Automation Technologies had a net margin of 15.77% and a return on equity of 8.21%. As a group, research analysts anticipate that Hollysys Automation Technologies Ltd. will post 1.98 EPS for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, October 22nd will be paid a $0.20 dividend. This represents a yield of 1.75%. The ex-dividend date is Wednesday, October 21st. Hollysys Automation Technologies’s dividend payout ratio is currently 15.27%.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. provides automation solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.
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