Equities research analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a report issued on Thursday. The brokerage set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Performance
NYSE:SPLP traded up $0.53 during trading hours on Thursday, hitting $33.93. 100 shares of the company traded hands, compared to its average volume of 3,799. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $649.70 million, a price-to-earnings ratio of 3.48 and a beta of 1.01. The firm has a 50-day moving average of $39.77 and a 200 day moving average of $40.77. Steel Partners has a twelve month low of $27.95 and a twelve month high of $48.45.
Steel Partners (NYSE:SPLP - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share for the quarter. The firm 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%.
Hedge Funds Weigh In On Steel Partners
Several institutional investors have recently added to or reduced their stakes in SPLP. Teton Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 500 shares in the last quarter. HighTower Advisors LLC raised its position in Steel Partners by 2.2% in the 4th quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock valued at $1,149,000 after purchasing an additional 577 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Steel Partners by 3.5% in 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. 50.75% of the stock is owned by institutional investors.
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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