Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $40.00, but opened at $38.21. Steel Partners shares last traded at $38.33, with a volume of 3,443 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Steel Partners in a research report on Wednesday. They issued a "strong-buy" rating for the company.
Check Out Our Latest Report on SPLP
Steel Partners Stock Performance
The company has a market cap of $599.43 million, a P/E ratio of 3.21 and a beta of 1.01. The company's fifty day moving average is $40.67 and its 200 day moving average is $41.05. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.
Steel Partners (NYSE:SPLP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $497.92 million for the quarter.
Institutional Investors Weigh In On Steel Partners
A number of large investors have recently added to or reduced their stakes in SPLP. Gamco Investors INC. ET AL boosted its holdings in shares of Steel Partners by 3.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock worth $4,123,000 after purchasing an additional 3,300 shares during the period. HighTower Advisors LLC boosted its position 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 acquiring an additional 635 shares in the last quarter. Finally, 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 worth $553,000 after acquiring an additional 500 shares during the period. 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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