Steel Partners (NYSE:SPLP) Sees Large Volume Increase - Time to Buy?

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw unusually-high trading volume on Monday . Approximately 3,380 shares were traded during mid-day trading, a decline of 24% from the previous session's volume of 4,426 shares.The stock last traded at $41.42 and had previously closed at $41.47.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Steel Partners in a research report on Monday. They issued a "strong-buy" rating for the company.

Steel Partners Trading Down 1.1 %

The stock's fifty day moving average price is $41.16 and its 200 day moving average price is $41.22. 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 stock has a market cap of $801.82 million, a PE ratio of 4.31 and a beta of 1.37.

Steel Partners (NYSE:SPLP - Get Free Report) last issued 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 business had revenue of $497.92 million for the quarter.

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Hedge Funds Weigh In On Steel Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Teton Advisors Inc. grew its stake 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 worth $553,000 after acquiring an additional 500 shares during the period. De Lisle Partners LLP grew its position in Steel Partners by 83.0% in the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate's stock worth $924,000 after purchasing an additional 10,377 shares during the period. HighTower Advisors LLC raised its stake 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 buying an additional 635 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of 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 buying an additional 3,300 shares during the period. Institutional investors own 50.75% of the company's stock.

Steel Partners Company Profile

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.