Steel Partners Holdings L.P. (NYSE:SPLP) Short Interest Update

Key Points

• The short interest for Steel Partners Holdings L.P. increased by 300.0% in July, reaching a total of 400 shares as of July 15th.
• The company recently declared a $0.375 dividend with a yield of 3.84% and a payout ratio of 3.32%.
• Insider activity includes President Jack L. Howard purchasing 29,000 shares at an average cost of $24.20, increasing his ownership in the company significantly.

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 400 shares, anincreaseof300.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 0.4 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Steel Partners in a research note on Monday, May 19th. They set a "strong-buy" rating for the company.

Steel Partners Price Performance

SPLP remained flat at $40.50 during midday trading on Friday. 4 shares of the company's stock were exchanged, compared to its average volume of 3,370. The company has a market cap of $810.12 million, a price-to-earnings ratio of 4.15 and a beta of 1.25. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. Steel Partners has a 1 year low of $27.95 and a 1 year high of $48.45. The company's 50 day moving average is $40.69 and its 200-day moving average is $39.83.

Steel Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.375 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 384.0%. Steel Partners's dividend payout ratio (DPR) is currently 3.32%.

Insider Buying and Selling at Steel Partners

In related news, President Jack L. Howard sold 25,500 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $24.20, for a total value of $617,100.00. Following the completion of the sale, the president owned 62,149 shares in the company, valued at approximately $1,504,005.80. This trade represents a 29.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 84.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SPLP. Gamco Investors INC. ET AL raised its stake 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 acquiring an additional 3,300 shares during the last quarter. Teton Advisors Inc. raised its stake in shares of Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after acquiring an additional 500 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of Steel Partners in the first quarter valued at approximately $330,000. Institutional investors own 50.75% of the company's stock.

About Steel Partners

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.