Steel Partners (NYSE:SPLP) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Steel Partners (NYSE:SPLP - Free Report) in a research note published on Sunday morning. The brokerage issued a strong-buy rating on the conglomerate's stock.

Steel Partners Stock Performance

Shares of Steel Partners stock traded up $0.62 during trading on Friday, hitting $41.50. 1,101 shares of the company's stock were exchanged, compared to its average volume of 4,585. Steel Partners has a 52-week low of $34.55 and a 52-week high of $48.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The stock has a market capitalization of $791.61 million, a price-to-earnings ratio of 4.26 and a beta of 1.37. The business has a 50-day simple moving average of $41.11 and a 200-day simple moving average of $41.12.

Steel Partners (NYSE:SPLP - Get Free Report) last posted its earnings results on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The firm had revenue of $497.92 million for the quarter.

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Institutional Trading of Steel Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. De Lisle Partners LLP boosted its stake in shares of Steel Partners by 83.0% during the 3rd 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 in the last quarter. HighTower Advisors LLC boosted its position in Steel Partners by 2.5% during the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock worth $1,082,000 after purchasing an additional 635 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings 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 period. Finally, Teton Advisors Inc. increased its position in shares of Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 50.75% of the company's stock.

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.