Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 600 shares, a drop of 89.7% from the November 30th total of 5,800 shares. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.
Steel Partners Stock Performance
Shares of SPLP traded up $0.27 during mid-day trading on Thursday, hitting $42.44. The stock had a trading volume of 522 shares, compared to its average volume of 5,157. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The company has a market cap of $814.21 million, a PE ratio of 4.35 and a beta of 1.38. Steel Partners has a fifty-two week low of $33.12 and a fifty-two week high of $48.45. The company's fifty day simple moving average is $41.27 and its two-hundred day simple moving average is $39.44.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Steel Partners in a research report on Thursday. They set a "strong-buy" rating on the stock.
Get Our Latest Stock Analysis on SPLP
Institutional Trading of Steel Partners
Several institutional investors have recently added to or reduced their stakes in SPLP. HighTower Advisors LLC boosted its position in Steel Partners by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock valued at $1,082,000 after purchasing an additional 635 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Steel Partners by 0.3% during the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate's stock valued at $22,207,000 after acquiring an additional 1,700 shares during the period. Finally, De Lisle Partners LLP grew its position in shares of Steel Partners by 83.0% during the third quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate's stock worth $924,000 after acquiring an additional 10,377 shares during the last quarter. Institutional investors own 50.75% of the company's stock.
About Steel Partners
(
Get Free Report)
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.
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