Helios Technologies (NASDAQ:HLIO) Hits New 12-Month Low – Time to Sell?

Helios Technologies, Inc. (NASDAQ:HLIO) hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.01 and last traded at $36.32, with a volume of 36057 shares traded. The stock had previously closed at $37.12.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price objective on shares of 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 Stock Up 2.6 %

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 is $41.87 and its 200 day moving average is $45.64. The firm has a market capitalization of $1.20 billion, a PE ratio of 31.81 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 $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.00%. Helios Technologies’s payout ratio is 30.77%.

Helios Technologies declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of 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 acquiring an additional 287 shares during the last quarter. Aquatic Capital Management LLC increased its stake 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 valued at $167,000 after acquiring an additional 2,232 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Helios Technologies during the 3rd quarter valued at about $179,000. Dark Forest Capital Management LP acquired a new position in shares of Helios Technologies during the 4th quarter valued at about $214,000. Finally, Intech Investment Management LLC acquired a new position in shares of Helios Technologies during the 3rd quarter valued at about $224,000. 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.