Helios Technologies (NASDAQ:HLIO) Sets New 12-Month Low - Should You Sell?

Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $38.78 and last traded at $38.77, with a volume of 39793 shares. The stock had previously closed at $39.99.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on shares of Helios Technologies from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 24th.

Helios Technologies Trading Up 7.2 %

The stock's fifty day simple moving average is $43.79 and its two-hundred day simple moving average is $46.16. The firm has a market cap of $1.38 billion, a PE ratio of 36.82 and a beta of 0.87. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were paid a $0.09 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. Helios Technologies's payout ratio is currently 31.86%.

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 reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

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Institutional Investors Weigh In On Helios Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of Helios Technologies by 71.8% in 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 stake in 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 purchasing an additional 2,232 shares in the last quarter. Truvestments Capital LLC purchased a new position in Helios Technologies in the third quarter worth about $179,000. Stephens Inc. AR bought a new position in shares of Helios Technologies in the third quarter worth approximately $205,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Helios Technologies in the fourth quarter worth approximately $214,000. 94.72% of the stock is owned by institutional investors.

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.