Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw strong trading volume on Thursday . 2,640 shares were traded during trading, an increase of 58% from the previous session's volume of 1,666 shares.The stock last traded at $40.96 and had previously closed at $42.95.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Steel Partners in a report on Wednesday, February 12th. They set a "strong-buy" rating for the company.
Check Out Our Latest Analysis on SPLP
Steel Partners Stock Down 2.0 %
The stock has a fifty day moving average price of $41.64 and a 200 day moving average price of $40.64. 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 stock has a market capitalization of $789.83 million, a P/E ratio of 4.22 and a beta of 1.38.
Hedge Funds Weigh In On Steel Partners
A number of large investors have recently made changes to their positions in SPLP. De Lisle Partners LLP raised its position in shares of Steel Partners by 83.0% in 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 in the last quarter. HighTower Advisors LLC raised its position in shares of 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 raised its position in shares of Steel Partners by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock worth $4,123,000 after buying an additional 3,300 shares in the last quarter. Finally, Teton Advisors Inc. raised 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 worth $553,000 after buying an additional 500 shares in 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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