Steel Partners (SPLP) Stock Price, News & Analysis

Company Overview

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications. It also designs, manufactures, and markets power electronics and protection, motion control, power quality electromagnetic equipment, custom ball-screws, and gears and gearboxes used in medical, commercial and military aerospace, computer, datacom, industrial, specialty LED lighting, test and measurement, and telecom applications. In addition, the company provides meat-room blade products, repair services, and distributed products for the meat and deli departments of supermarkets, restaurants, and meat and fish processing plants, as well as for electrical saws and cutting equipment distributors; cutting blades for bakeries; and wood cutting blade products for the pallet manufacturing, pallet recycler, and portable saw mill industries. Further, it manufactures and distributes coated, laminated and metallized films for imaging, aerospace, insulation and solar photo-voltaic markets; originates and funds consumer and small business loans; issues credit cards; takes deposits; participates in syndicated commercial and industrial, and asset based credit facilities and securitizations; and offers drilling and production services to the oil and gas industry. Steel Partners Holdings GP Inc. serves as the general partner of the company. The company was founded in 1990 and is based in New York, New York.

Key Stats

• Today's Range: $41.55 to $42.41
• 50-Day Range: $36.12 to $45.00
• 52-Week Range: $33.12 to $48.45
• Volume: 524 shs
• Average Volume: 5,202 shs
• Market Capitalization: $813.64 million
• P/E Ratio: 4.35
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Steel Partners Stock Analysis - MarketRank™

Steel Partners scored higher than 42% of companies evaluated by MarketBeat, and ranked 14th out of 27 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Steel Partners.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Steel Partners is 4.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Steel Partners is 4.35, which means that it is trading at a less expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 12.04.

Price to Book Value per Share Ratio

Steel Partners has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.18% of the float of Steel Partners has been sold short.

Short Interest Ratio / Days to Cover

Steel Partners has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Steel Partners has recently increased by 176.19%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Steel Partners does not currently pay a dividend.

Dividend Growth

Steel Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Steel Partners is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.18% of the float of Steel Partners has been sold short.

Short Interest Ratio / Days to Cover

Steel Partners has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Steel Partners has recently increased by 176.19%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.52

News Sentiment

Steel Partners has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Multi-Sector Conglomerates companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Steel Partners this week, compared to 1 article on an average week.

MarketBeat Follows

Only 2 people have added Steel Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Steel Partners insiders have not sold or bought any company stock.

Percentage Held by Insiders

79.20% of the stock of Steel Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

50.75% of the stock of Steel Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SPLP Stock Analysis - Frequently Asked Questions

How have SPLP shares performed this year?

Steel Partners' stock was trading at $40.00 at the start of the year. Since then, SPLP shares have increased by 6.0% and is now trading at $42.41.
View the best growth stocks for 2024 here.

How were Steel Partners' earnings last quarter?

Steel Partners Holdings L.P. (NYSE:SPLP) announced its quarterly earnings results on Friday, February, 28th. The conglomerate reported ($1.20) EPS for the quarter. The conglomerate earned $364.17 million during the quarter. Steel Partners had a net margin of 11.43% and a trailing twelve-month return on equity of 21.72%.

When did Steel Partners' stock split?

Steel Partners shares reverse split on the morning of Friday, January 12th 2024. The 1-12500 reverse split was announced on Friday, January 12th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, January 12th 2024. An investor that had 100 shares of stock prior to the reverse split would have 0 shares after the split.

Who are Steel Partners' major shareholders?

Steel Partners' top institutional investors include HighTower Advisors LLC (0.14%) and De Lisle Partners LLP (0.12%).
View institutional ownership trends.

How do I buy shares of Steel Partners?

Shares of SPLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Steel Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Steel Partners investors own include Plug Power (PLUG), NIO (NIO), Enterprise Products Partners (EPD), AbbVie (ABBV), Applied Materials (AMAT), Advanced Micro Devices (AMD) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 2/28/2020
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Multi-Sector Conglomerates
• Industry: Miscellaneous primary metal products
• Sub-Industry: Steel Works
• Current Symbol: NYSE:SPLP
• CUSIP: N/A
• CIK: 1452857
• Web: www.steelpartners.com
• Phone: (212) 520-2300
• Fax: 212-520-2301
• Employees: 5,100
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $9.75
• Trailing P/E Ratio: 4.35
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $150.83 million
• Net Margins: 11.43%
• Pretax Margin: 10.23%
• Return on Equity: 21.72%
• Return on Assets: 6.11%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 1.27
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $2.00 billion
• Price / Sales: 0.41
• Cash Flow: $9.96 per share
• Price / Cash Flow: 4.26
• Book Value: $47.18 per share
• Price / Book: 0.90

Miscellaneous

• Outstanding Shares: 19,185,000
• Free Float: 3,990,000
• Market Cap: $813.64 million
• Optionable: Not Optionable
• Beta: 1.38