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

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price objective on 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 Stock Performance

The stock 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. The business has a 50 day moving average price of $44.19 and a two-hundred day moving average price of $46.18.

Helios Technologies Dividend Announcement

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

Hedge Funds Weigh In On Helios Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in HLIO. Signaturefd LLC raised its holdings in shares of Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after acquiring an additional 287 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in Helios Technologies by 148.8% in the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock worth $167,000 after purchasing an additional 2,232 shares in the last quarter. Truvestments Capital LLC bought a new position in Helios Technologies in the third quarter worth $179,000. Stephens Inc. AR bought a new position in Helios Technologies in the third quarter worth $205,000. Finally, Dark Forest Capital Management LP bought a new position in Helios Technologies in the fourth quarter worth $214,000. Institutional investors own 94.72% of the company’s stock.

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.