Helios Technologies (NASDAQ:HLIO) Hits New 12-Month Low – Here’s What Happened

Helios Technologies, Inc. (NASDAQ:HLIO) shares hit a new 52-week low on Friday . The stock traded as low as $32.67 and last traded at $32.67, with a volume of 25725 shares. The stock had previously closed at $34.03.

Wall Street Analyst Weigh In

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

Helios Technologies Price Performance

The company has a 50 day moving average of $39.84 and a 200 day moving average of $45.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 28.58 and a beta of 0.90.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. Helios Technologies’s payout ratio is 30.77%.

Helios Technologies announced that its Board of Directors has authorized a stock buyback plan on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Helios Technologies by 71.8% in the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after purchasing an additional 287 shares in the last quarter. Aquatic Capital Management LLC raised its stake in Helios Technologies by 148.8% in the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock valued at $167,000 after buying an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Helios Technologies in the fourth quarter valued at $214,000. Intech Investment Management LLC purchased a new stake in Helios Technologies during the 3rd quarter worth about $224,000. Finally, US Bancorp DE boosted its position in shares of Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company’s stock worth $299,000 after acquiring an additional 5,113 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

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.