Equities research analysts at StockNews.com started coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a report released on Monday. The brokerage set a "strong-buy" rating on the conglomerate's stock.
Steel Partners Stock Up 1.6 %
Shares of NYSE:SPLP traded up $0.68 during trading on Monday, hitting $42.07. 806 shares of the company's stock traded hands, compared to its average volume of 2,823. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $41.13 and a 200-day moving average price of $41.21. Steel Partners has a 52 week low of $34.55 and a 52 week high of $48.45. The company has a market cap of $802.49 million, a price-to-earnings ratio of 4.31 and a beta of 1.37.
Steel Partners (NYSE:SPLP - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The firm had revenue of $497.92 million for the quarter.
Institutional Trading of Steel Partners
Hedge funds and other institutional investors have recently modified their holdings of the company. Teton Advisors Inc. grew its holdings in shares of Steel Partners by 4.0% during the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after buying an additional 500 shares in the last quarter. De Lisle Partners LLP boosted its position in 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 during the last quarter. HighTower Advisors LLC grew its stake in shares of Steel Partners by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock worth $1,082,000 after acquiring an additional 635 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Steel Partners by 3.5% in the fourth 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. Institutional investors and hedge funds own 50.75% of the company's stock.
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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