Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $39.70, but opened at $41.03. Steel Partners shares last traded at $40.39, with a volume of 1,025 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Steel Partners in a research report on Sunday, March 16th. They issued a "strong-buy" rating for the company.
Check Out Our Latest Stock Report on SPLP
Steel Partners Price Performance
The company has a 50-day moving average price of $41.09 and a 200-day moving average price of $41.13. The company has a market capitalization of $796.48 million, a price-to-earnings ratio of 4.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27.
Steel Partners (NYSE:SPLP - Get Free Report) last posted its earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share 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
Institutional investors have recently added to or reduced their stakes in the stock. Teton Advisors Inc. increased its stake in Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after buying an additional 500 shares during the last quarter. De Lisle Partners LLP grew its position 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 purchasing an additional 10,377 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of 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 purchasing an additional 635 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Steel Partners by 3.5% during the 4th 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 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.
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