Helios Technologies (NASDAQ:HLIO) Reaches New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Helios Technologies Trading Down 4.5 %

The company has a fifty day simple moving average of $38.13 and a two-hundred day simple moving average of $44.63. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a market cap of $880.78 million, a PE ratio of 23.41 and a beta of 1.03.

Helios Technologies Dividend Announcement

The company 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 $0.09 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. Helios Technologies’s dividend payout ratio is currently 30.77%.

Helios Technologies announced that its Board of Directors has approved a share 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 repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Helios Technologies

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after buying an additional 287 shares in the last quarter. Aquatic Capital Management LLC raised its position in shares of Helios Technologies by 148.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock worth $167,000 after acquiring an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Helios Technologies during the fourth quarter worth approximately $214,000. Intech Investment Management LLC acquired a new position in Helios Technologies in the third quarter valued at approximately $224,000. Finally, US Bancorp DE increased its stake in Helios Technologies by 321.2% in the fourth quarter. US Bancorp DE now owns 6,705 shares of the company’s stock valued at $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.