Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $43.99, but opened at $43.00. Steel Partners shares last traded at $43.00, with a volume of 546 shares traded.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Steel Partners in a research report on Sunday, November 24th. They set a "strong-buy" rating on the stock.
Get Our Latest Report on Steel Partners
Steel Partners Stock Up 2.3 %
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 business's 50-day moving average is $40.66 and its 200-day moving average is $39.02. The company has a market capitalization of $863.10 million, a price-to-earnings ratio of 4.62 and a beta of 1.36.
Hedge Funds Weigh In On Steel Partners
Hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC raised its stake in Steel Partners by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate's stock worth $22,207,000 after acquiring an additional 1,700 shares in the last quarter. HighTower Advisors LLC increased its stake in Steel Partners by 2.5% in the third 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 period. Finally, De Lisle Partners LLP boosted its holdings 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 valued at $924,000 after acquiring an additional 10,377 shares in the last quarter. Hedge funds and other institutional investors own 50.75% of the company's stock.
About Steel Partners
(
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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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