Equities research analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Down 2.2 %
Shares of Steel Partners stock traded down $0.94 during trading on Thursday, reaching $41.37. The company had a trading volume of 1,995 shares, compared to its average volume of 726. 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 has a fifty-two week low of $34.55 and a fifty-two week high of $48.45. The firm's fifty day moving average is $41.59 and its 200-day moving average is $40.75. The company has a market cap of $793.48 million, a price-to-earnings ratio of 4.24 and a beta of 1.38.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Teton Advisors Inc. lifted its position in shares of Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after buying an additional 500 shares during the last quarter. De Lisle Partners LLP boosted its stake 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 period. HighTower Advisors LLC grew its holdings 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 valued at $1,082,000 after purchasing an additional 635 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position 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 period. Institutional investors and hedge funds own 50.75% of the company's stock.
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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