Equities research analysts at StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a research report issued on Tuesday. The brokerage set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Down 1.3 %
Shares of NYSE:SPLP traded down $0.54 during trading hours on Tuesday, reaching $41.87. The stock had a trading volume of 4,701 shares, compared to its average volume of 5,363. Steel Partners has a 1 year low of $33.12 and a 1 year high of $48.45. The firm's 50 day moving average is $40.87 and its 200-day moving average is $39.18. The stock has a market capitalization of $803.28 million, a price-to-earnings ratio of 4.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27.
Institutional Trading of Steel Partners
Institutional investors have recently bought and sold shares of the business. De Lisle Partners LLP raised its position in shares of Steel Partners by 83.0% during the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate's stock worth $924,000 after acquiring an additional 10,377 shares in the last quarter. HighTower Advisors LLC increased its stake in Steel Partners by 2.5% in 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 during the last quarter. Finally, Gabelli Funds LLC raised its holdings in Steel Partners by 0.3% during the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate's stock worth $22,207,000 after purchasing an additional 1,700 shares in the last quarter. 50.75% of the stock is owned by hedge funds and other institutional investors.
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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