Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,128 shares were traded during trading, an increase of 58% from the previous session's volume of 715 shares.The stock last traded at $42.11 and had previously closed at $41.53.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Steel Partners in a report on Thursday. They set a "strong-buy" rating on the stock.
Check Out Our Latest Stock Report on SPLP
Steel Partners Stock Down 2.2 %
The stock's fifty day moving average price is $41.59 and its 200 day moving average price is $40.75. The stock has a market cap of $793.48 million, a P/E ratio of 4.24 and a beta of 1.38. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.
Hedge Funds Weigh In On Steel Partners
A number of institutional investors have recently made changes to their positions in the stock. Teton Advisors Inc. grew its holdings in shares of Steel Partners by 4.0% during the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after purchasing an additional 500 shares during the last quarter. De Lisle Partners LLP grew its holdings 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 valued at $924,000 after purchasing an additional 10,377 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of 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 purchasing an additional 635 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew 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 purchasing an additional 3,300 shares during the last quarter. Institutional investors own 50.75% of the company's stock.
About Steel Partners
(
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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