Helios Technologies (NASDAQ:HLIO) Hits New 1-Year Low – Here’s Why

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

Analyst Upgrades and Downgrades

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

Helios Technologies Stock Performance

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 firm’s 50-day moving average price is $39.84 and its two-hundred day moving average price is $45.07. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 28.58 and a beta of 0.90.

Helios Technologies Announces Dividend

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

Helios Technologies declared that its Board of Directors has authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Helios Technologies

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

Helios Technologies Company Profile

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.