Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price hit a new 52-week low on Friday . The stock traded as low as $27.95 and last traded at $30.97, with a volume of 23402 shares. The stock had previously closed at $36.64.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Steel Partners in a research note on Wednesday, April 9th. They issued a "strong-buy" rating for the company.
Check Out Our Latest Analysis on SPLP
Steel Partners Trading Up 0.4 %
The stock has a market cap of $646.35 million, a P/E ratio of 3.46 and a beta of 1.01. The company has a 50-day moving average price of $40.37 and a two-hundred day moving average price of $40.95. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. The company had revenue of $497.92 million for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock worth $1,082,000 after buying an additional 635 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Steel Partners by 3.5% in the fourth 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. Finally, Teton Advisors Inc. raised its holdings in Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 50.75% of the company's stock.
About Steel Partners
(
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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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