Investment analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a research report issued on Friday. The firm set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Performance
Shares of NYSE SPLP traded up $0.12 during trading hours on Friday, hitting $41.32. 427 shares of the stock were exchanged, compared to its average volume of 4,968. The firm has a market capitalization of $792.72 million, a P/E ratio of 4.24 and a beta of 1.38. Steel Partners has a one year low of $34.55 and a one year high of $48.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The company's 50 day moving average is $41.52 and its 200 day moving average is $40.96.
Hedge Funds Weigh In On Steel Partners
Several large investors have recently made changes to their positions in the business. De Lisle Partners LLP lifted its holdings 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 buying an additional 10,377 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Steel Partners by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after purchasing an additional 3,300 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Steel Partners by 2.5% in 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. Finally, Teton Advisors Inc. grew its position in Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 50.75% of the company's stock.
Steel Partners Company Profile
(
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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