Steel Partners (NYSE:SPLP) Shares Down 3.6%

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price fell 3.6% during mid-day trading on Friday . The company traded as low as $40.25 and last traded at $40.25. 135 shares changed hands during trading, a decline of 98% from the average session volume of 5,694 shares. The stock had previously closed at $41.76.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Steel Partners in a research note on Saturday, September 21st. They set a "strong-buy" rating on the stock.

Steel Partners Trading Down 3.6 %

The company has a market cap of $820.70 million, a P/E ratio of 5.89 and a beta of 1.35. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $38.85 and a 200-day moving average price of $38.20.

Steel Partners (NYSE:SPLP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The conglomerate reported $4.85 earnings per share (EPS) for the quarter. The company had revenue of $533.16 million for the quarter. Steel Partners had a return on equity of 21.44% and a net margin of 11.04%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steel Partners stock. Gabelli Funds LLC increased its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 596,503 shares of the conglomerate's stock after acquiring an additional 1,700 shares during the quarter. Gabelli Funds LLC owned about 2.93% of Steel Partners worth $22,207,000 as of its most recent SEC filing. 50.75% of the stock is currently owned by institutional investors and hedge funds.

About Steel Partners

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.