Shares of Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw strong trading volume on Tuesday . 2,645 shares traded hands during mid-day trading, a decline of 30% from the previous session's volume of 3,785 shares.The stock last traded at $35.93 and had previously closed at $35.98.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Steel Partners in a research note on Saturday. They set a "strong-buy" rating for the company.
Read Our Latest Report on Steel Partners
Steel Partners Stock Performance
The firm has a market capitalization of $689.63 million, a P/E ratio of 3.69 and a beta of 1.01. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The business's 50 day simple moving average is $38.70 and its two-hundred day simple moving average is $40.45.
Steel Partners (NYSE:SPLP - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. The company had revenue of $497.92 million during the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Teton Advisors Inc. grew its stake in shares of Steel Partners by 4.0% during the 4th 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 period. HighTower Advisors LLC boosted its position in shares of Steel Partners by 2.2% in the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock worth $1,149,000 after purchasing an additional 577 shares during the period. Gamco Investors INC. ET AL increased 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 worth $4,123,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Steel Partners during the 1st quarter valued at $330,000. Hedge funds and other institutional investors own 50.75% of the company's stock.
About Steel Partners
(
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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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