Steel Connect, Inc. (NASDAQ:STCN - Get Free Report) Director Steel Partners Holdings L.P. acquired 47,013 shares of the company's stock in a transaction on Friday, April 26th. The stock was bought at an average price of $12.00 per share, for a total transaction of $564,156.00. Following the purchase, the director now owns 1,078,423 shares in the company, valued at approximately $12,941,076. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Steel Partners Holdings L.P. also recently made the following trade(s):
- On Wednesday, April 24th, Steel Partners Holdings L.P. purchased 156,313 shares of Steel Connect stock. The shares were bought at an average price of $12.00 per share, for a total transaction of $1,875,756.00.
- On Thursday, April 18th, Steel Partners Holdings L.P. acquired 701,246 shares of Steel Connect stock. The shares were purchased at an average price of $9.83 per share, with a total value of $6,893,248.18.
- On Friday, April 12th, Steel Partners Holdings L.P. bought 6 shares of Steel Connect stock. The stock was purchased at an average price of $9.35 per share, for a total transaction of $56.10.
- On Wednesday, April 10th, Steel Partners Holdings L.P. purchased 18,605 shares of Steel Connect stock. The shares were purchased at an average cost of $8.93 per share, with a total value of $166,142.65.
Steel Connect Stock Performance
Shares of NASDAQ STCN traded up $0.04 during trading hours on Friday, hitting $12.13. The stock had a trading volume of 55,724 shares, compared to its average volume of 10,067. The firm's 50-day moving average price is $9.31 and its two-hundred day moving average price is $9.47. Steel Connect, Inc. has a 52 week low of $6.35 and a 52 week high of $12.48. The company has a market capitalization of $76.27 million, a P/E ratio of 12.17 and a beta of 0.33.
Steel Connect (NASDAQ:STCN - Get Free Report) last announced its quarterly earnings results on Friday, March 15th. The technology company reported $0.18 EPS for the quarter. The company had revenue of $43.05 million for the quarter. Steel Connect had a net margin of 12.23% and a return on equity of 39.04%.
Hedge Funds Weigh In On Steel Connect
Several hedge funds have recently bought and sold shares of STCN. Steel Partners Holdings L.P. boosted its stake in shares of Steel Connect by 0.9% during the 4th quarter. Steel Partners Holdings L.P. now owns 2,017,689 shares of the technology company's stock worth $19,440,000 after acquiring an additional 18,261 shares in the last quarter. FORVIS Wealth Advisors LLC bought a new position in shares of Steel Connect in the 3rd quarter valued at approximately $168,000. Gamco Investors INC. ET AL lifted its holdings in Steel Connect by 2.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 149,094 shares of the technology company's stock worth $1,565,000 after purchasing an additional 2,872 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in Steel Connect by 1.8% during the third quarter. Gabelli Funds LLC now owns 328,945 shares of the technology company's stock worth $3,454,000 after purchasing an additional 5,765 shares during the period. 47.28% of the stock is owned by institutional investors and hedge funds.
Steel Connect Company Profile
(
Get Free Report)
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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