Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $40.03, but opened at $42.19. Steel Partners shares last traded at $41.20, with a volume of 1,150 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Steel Partners in a research note on Wednesday. They issued a "strong-buy" rating for the company.
Get Our Latest Analysis on SPLP
Steel Partners Stock Down 2.0 %
The company has a market capitalization of $789.83 million, a P/E ratio of 4.22 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. The stock has a 50 day moving average price of $41.64 and a 200 day moving average price of $40.58.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its holdings in Steel Partners by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock worth $1,082,000 after buying an additional 635 shares during the period. De Lisle Partners LLP boosted its holdings in 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 during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Steel Partners by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Teton Advisors Inc. boosted its holdings in Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after acquiring an additional 500 shares during 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.
Further Reading
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