StockNews.com started coverage on shares of Steel Partners (NYSE:SPLP - Free Report) in a research report sent to investors on Saturday. The firm issued a strong-buy rating on the conglomerate's stock.
Steel Partners Price Performance
Shares of NYSE:SPLP traded down $1.19 on Friday, reaching $37.00. 590 shares of the company traded hands, compared to its average volume of 3,879. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a market capitalization of $708.59 million, a PE ratio of 3.79 and a beta of 1.21. The company's 50 day moving average is $38.46 and its 200-day moving average is $40.37. Steel Partners has a fifty-two week low of $27.00 and a fifty-two week high of $48.45.
Steel Partners (NYSE:SPLP - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The company had revenue of $497.92 million during the quarter.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its position 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 worth $4,123,000 after purchasing an additional 3,300 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Steel Partners by 2.2% during the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock worth $1,149,000 after acquiring an additional 577 shares in the last quarter. Teton Advisors Inc. boosted its position in Steel Partners by 4.0% during the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after purchasing an additional 500 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new position in Steel Partners in the first quarter valued at about $330,000. 50.75% of the stock is owned by institutional investors and hedge funds.
Steel Partners Company Profile
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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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