Steel Connect, Inc. (NASDAQ:STCN) Director Purchases $166,142.65 in Stock

Steel Connect, Inc. (NASDAQ:STCN - Get Free Report) Director Steel Partners Holdings L.P. purchased 18,605 shares of the business's stock in a transaction on Wednesday, April 10th. The shares were acquired at an average cost of $8.93 per share, for a total transaction of $166,142.65. Following the completion of the transaction, the director now directly owns 88,147 shares in the company, valued at $787,152.71. The purchase was disclosed in a filing with the SEC, which is available through this link.

Steel Partners Holdings L.P. also recently made the following trade(s):

• On Friday, April 12th, Steel Partners Holdings L.P. purchased 6 shares of Steel Connect stock. The shares were acquired at an average cost of $9.35 per share, for a total transaction of $56.10.

Steel Connect Price Performance

NASDAQ:STCN traded down $0.10 on Wednesday, hitting $9.82. 1,291 shares of the company's stock were exchanged, compared to its average volume of 5,920. The firm has a 50-day moving average price of $8.95 and a 200-day moving average price of $9.41. Steel Connect, Inc. has a 52 week low of $6.35 and a 52 week high of $12.48. The company has a market cap of $61.77 million, a P/E ratio of 10.00 and a beta of 0.33.

Steel Connect (NASDAQ:STCN - Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The technology company reported $0.18 EPS for the quarter. Steel Connect had a net margin of 12.23% and a return on equity of 39.04%. The firm had revenue of $43.05 million for the quarter.

Institutional Investors Weigh In On Steel Connect

Institutional investors and hedge funds have recently modified their holdings of the company. Centiva Capital LP bought a new stake in shares of Steel Connect in the 4th quarter valued at about $29,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Steel Connect in the 1st quarter valued at about $33,000. Jane Street Group LLC bought a new stake in shares of Steel Connect in the 3rd quarter valued at about $47,000. Virtu Financial LLC bought a new stake in shares of Steel Connect in the 2nd quarter valued at about $60,000. Finally, CSS LLC IL raised its holdings in shares of Steel Connect by 86.2% in the 4th quarter. CSS LLC IL now owns 45,358 shares of the technology company's stock valued at $65,000 after purchasing an additional 21,000 shares during the period. 47.28% of the stock is owned by institutional investors.

About Steel Connect

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.

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