Steel Partners (NYSE:SPLP) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Steel Partners (NYSE:SPLP - Get Free Report) in a research report issued to clients and investors on Monday. The firm set a "strong-buy" rating on the conglomerate's stock.

Steel Partners Stock Performance

Shares of SPLP opened at $38.50 on Monday. Steel Partners has a 52 week low of $27.00 and a 52 week high of $48.45. The stock has a market cap of $737.31 million, a P/E ratio of 3.95 and a beta of 1.21. The business's 50 day moving average price is $38.06 and its 200-day moving average price is $40.24. 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 (NYSE:SPLP - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The firm had revenue of $497.92 million during the quarter.

Insider Buying and Selling at Steel Partners

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 transaction of $617,100.00. Following the transaction, the president now directly owns 62,149 shares in the company, valued at $1,504,005.80. The trade was a 29.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 84.80% of the company's stock.

Institutional Trading of Steel Partners

A number of large investors have recently modified their holdings of SPLP. Gamco Investors INC. ET AL boosted its stake in shares of Steel Partners by 4.7% during the first quarter. Gamco Investors INC. ET AL now owns 101,372 shares of the conglomerate's stock worth $4,157,000 after buying an additional 4,508 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of Steel Partners in the 1st quarter valued at $330,000. Teton Advisors Inc. increased its stake in Steel Partners by 4.0% during the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after buying an additional 500 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Steel Partners by 2.2% in the 4th quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock valued at $1,149,000 after buying an additional 577 shares during the period. Hedge funds and other institutional investors own 50.75% of the company's stock.

Steel Partners Company Profile

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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