Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) shares saw an uptick in trading volume on Tuesday . 10,949 shares changed hands during trading, an increase of 304% from the previous session's volume of 2,710 shares.The stock last traded at $37.50 and had previously closed at $44.00.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Steel Partners in a report on Saturday. They set a "strong-buy" rating for the company.
Read Our Latest Stock Report on Steel Partners
Steel Partners Price Performance
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 $709.85 million, a price-to-earnings ratio of 3.79 and a beta of 1.39. The stock's 50 day simple moving average is $41.82 and its 200-day simple moving average is $39.99.
Institutional Trading of Steel Partners
A number of institutional investors have recently added to or reduced their stakes in SPLP. De Lisle Partners LLP lifted its stake 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 during the last quarter. Gabelli Funds LLC lifted its stake in shares of Steel Partners by 0.3% in the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate's stock worth $22,207,000 after buying an additional 1,700 shares during the last quarter. Finally, HighTower Advisors LLC increased 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 acquiring an additional 635 shares during the period. 50.75% of the stock is currently owned by institutional investors and hedge funds.
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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