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

Helios Technologies, Inc. (NASDAQ:HLIO)’s stock price hit a new 52-week low on Friday . The company traded as low as $38.78 and last traded at $38.77, with a volume of 39793 shares changing hands. The stock had previously closed at $39.99.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective on shares of Helios Technologies from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 24th.

Helios Technologies Price 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 business’s 50 day simple moving average is $44.45 and its 200-day simple moving average is $46.19. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.29 and a beta of 0.87.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, January 3rd. Helios Technologies’s payout ratio is 31.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after purchasing an additional 287 shares during the period. King Luther Capital Management Corp boosted its stake in Helios Technologies by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 70,733 shares of the company’s stock valued at $3,158,000 after purchasing an additional 291 shares during the period. Inspire Investing LLC lifted its stake in shares of Helios Technologies by 3.5% in the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock worth $400,000 after acquiring an additional 301 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Helios Technologies by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,895 shares of the company’s stock worth $2,763,000 after acquiring an additional 543 shares during the period. Finally, Empower Advisory Group LLC lifted its stake in shares of Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock worth $302,000 after acquiring an additional 615 shares during the period. 94.72% of the stock is owned by institutional investors and hedge funds.

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.