Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $37.00, but opened at $39.50. Steel Partners shares last traded at $39.50, with a volume of 1,030 shares traded.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Steel Partners in a research note on Saturday. They issued a "strong-buy" rating on the stock.
Get Our Latest Stock Report on Steel Partners
Steel Partners Stock Up 10.6 %
The stock has a market cap of $785.24 million, a price-to-earnings ratio of 4.20 and a beta of 1.39. The firm's 50 day moving average is $41.82 and its two-hundred day moving average is $39.99. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.
Institutional Trading of Steel Partners
A number of institutional investors have recently added to or reduced their stakes in SPLP. De Lisle Partners LLP increased 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 boosted its position 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 during the period. Finally, HighTower Advisors LLC grew 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 valued at $1,082,000 after purchasing an additional 635 shares in the last quarter. 50.75% of the stock is owned by hedge funds and other institutional investors.
Steel Partners Company Profile
(
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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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