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

Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report)'s share price 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. The stock had previously closed at $31.25.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price objective on shares of Helios Technologies from $60.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th.

Helios Technologies Stock Performance

The firm has a market capitalization of $880.78 million, a PE ratio of 23.41 and a beta of 1.03. 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 firm's fifty day moving average price is $38.13 and its 200 day moving average price is $44.65.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. Helios Technologies's dividend payout ratio (DPR) is presently 30.77%.

Helios Technologies declared that its Board of Directors has initiated a share buyback plan on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

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Institutional Trading of Helios Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in HLIO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $2,763,000 after acquiring an additional 543 shares during the period. ProShare Advisors LLC raised its stake in shares of Helios Technologies by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 9,364 shares of the company's stock worth $418,000 after purchasing an additional 3,081 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Helios Technologies by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,909 shares of the company's stock valued at $844,000 after acquiring an additional 649 shares during the period. Janus Henderson Group PLC raised its stake in Helios Technologies by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 637,703 shares of the company's stock valued at $28,467,000 after buying an additional 5,684 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Helios Technologies by 51.6% in the fourth quarter. Deutsche Bank AG now owns 31,174 shares of the company's stock valued at $1,392,000 after purchasing an additional 10,616 shares during the period. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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.