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

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price target on 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 Stock Down 2.6 %

The company has a market cap of $1.04 billion, a PE ratio of 27.66 and a beta of 0.90. 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 has a fifty day simple moving average of $39.37 and a 200 day simple moving average of $45.02.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued 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 dividend yield of 1.15%. Helios Technologies's dividend payout ratio (DPR) is presently 30.77%.

Helios Technologies announced that its board has approved a share repurchase program on Monday, February 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Helios Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock worth $148,568,000 after acquiring an additional 13,059 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in Helios Technologies by 15.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock worth $88,679,000 after purchasing an additional 266,127 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Helios Technologies by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company's stock valued at $82,219,000 after buying an additional 21,683 shares during the period. Dimensional Fund Advisors LP lifted its position in Helios Technologies by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,438,786 shares of the company's stock valued at $64,227,000 after buying an additional 79,178 shares in the last quarter. Finally, Sara Bay Financial grew its stake in Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after buying an additional 247,088 shares during the period. 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.