Helios Technologies (NASDAQ:HLIO) Hits New 52-Week Low – What’s Next?

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

Wall Street Analyst Weigh In

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

Helios Technologies Trading Down 3.1 %

The firm’s 50 day moving average is $44.19 and its 200 day moving average is $46.18. The company has a market cap of $1.29 billion, a PE ratio of 34.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Helios Technologies Dividend Announcement

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

Hedge Funds Weigh In On Helios Technologies

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Helios Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after purchasing an additional 13,059 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Helios Technologies by 15.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock worth $88,679,000 after acquiring an additional 266,127 shares in the last quarter. Thrivent Financial for Lutherans increased its stake 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 acquiring an additional 21,683 shares during the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 79,178 shares in the last quarter. Finally, Sara Bay Financial lifted 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 purchasing an additional 247,088 shares during the last quarter. Hedge funds and other institutional investors 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.