Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) shot up 7% during mid-day trading on Tuesday . The stock traded as high as $41.76 and last traded at $42.48. 1,437 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 4,556 shares. The stock had previously closed at $39.70.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Steel Partners in a research report on Sunday, March 16th. They issued a "strong-buy" rating on the stock.
Read Our Latest Research Report on Steel Partners
Steel Partners Stock Up 0.7 %
The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. 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 firm's 50-day simple moving average is $41.07 and its 200-day simple moving average is $41.14.
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. The company had revenue of $497.92 million during the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.
Hedge Funds Weigh In On Steel Partners
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teton Advisors Inc. lifted 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. HighTower Advisors LLC lifted its holdings in Steel Partners by 2.2% during the 4th quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock valued at $1,149,000 after purchasing an additional 577 shares during the last quarter. 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 valued at $4,123,000 after purchasing an additional 3,300 shares during the last quarter. Finally, De Lisle Partners LLP lifted its holdings in Steel Partners by 83.0% during the 3rd 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. 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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