Helios Technologies (NASDAQ:HLIO) Reaches New 12-Month Low – What’s Next?

Shares of Helios Technologies, Inc. (NASDAQ:HLIO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.75 and last traded at $32.04, with a volume of 379431 shares. The stock had previously closed at $31.25.

Analyst Upgrades and Downgrades

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

Helios Technologies Price Performance

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 firm has a market capitalization of $880.78 million, a price-to-earnings ratio of 23.41 and a beta of 1.03. The company has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $44.63.

Helios Technologies Dividend Announcement

The firm also recently declared 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. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is currently 30.77%.

Helios Technologies declared that its board has approved a share repurchase plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its position in 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 acquiring an additional 287 shares during the period. Aquatic Capital Management LLC grew its stake in shares of Helios Technologies by 148.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock valued at $167,000 after purchasing an additional 2,232 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Helios Technologies in the 4th quarter valued at approximately $214,000. Intech Investment Management LLC acquired a new position in shares of Helios Technologies in the third quarter valued at approximately $224,000. Finally, US Bancorp DE raised its stake in shares of Helios Technologies by 321.2% during the fourth quarter. US Bancorp DE now owns 6,705 shares of the company’s stock worth $299,000 after purchasing an additional 5,113 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

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.