Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) declared a dividend on Saturday, May 24th, investing.com reports. Investors of record on Monday, June 2nd will be given a dividend of 0.375 per share by the conglomerate on Sunday, June 15th. This represents a yield of 3.84%. The ex-dividend date is Friday, May 30th.
Steel Partners Stock Up 1.1%
SPLP stock traded up $0.44 during midday trading on Tuesday, hitting $39.50. 744 shares of the company's stock were exchanged, compared to its average volume of 3,524. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. Steel Partners has a 12-month low of $27.00 and a 12-month high of $48.45. The firm has a 50 day moving average price of $37.82 and a 200-day moving average price of $40.24. The stock has a market capitalization of $756.46 million, a price-to-earnings ratio of 4.05 and a beta of 1.21.
Steel Partners (NYSE:SPLP - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share (EPS) for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The company had revenue of $497.92 million for the quarter.
Insider Activity
In other news, President Jack L. Howard sold 25,500 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $24.20, for a total value of $617,100.00. Following the completion of the sale, the president now directly owns 62,149 shares in the company, valued at approximately $1,504,005.80. The trade was a 29.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 84.80% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on Steel Partners in a report on Monday, May 19th. They issued a "strong-buy" rating for the company.
View Our Latest Stock Report on SPLP
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.
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