Steel Partners (NYSE:SPLP) Stock Price Passes Above 200 Day Moving Average - What's Next?

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.19 and traded as high as $41.45. Steel Partners shares last traded at $41.45, with a volume of 599 shares changing hands.

Analyst Ratings Changes

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

Steel Partners Stock Up 3.6%

The stock's fifty day moving average is $37.44 and its two-hundred day moving average is $40.19. The company has a market capitalization of $793.81 million, a PE ratio of 4.25 and a beta of 1.28. 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 (NYSE:SPLP - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share 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%.

Steel Partners Announces Dividend

The firm also recently declared a dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.375 per share. This represents a yield of 3.84%. The ex-dividend date is Friday, May 30th. Steel Partners's payout ratio is currently 3.32%.

Insiders Place Their Bets

In related news, President Jack L. Howard sold 25,500 shares of the company's stock in a transaction 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 sale, the president now directly owns 62,149 shares of the company's stock, valued at $1,504,005.80. This represents a 29.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 84.80% of the company's stock.

Institutional Trading of Steel Partners

Institutional investors have recently bought and sold shares of the company. Teton Advisors Inc. increased its position 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 purchasing an additional 500 shares during the last quarter. HighTower Advisors LLC raised its position in Steel Partners by 2.2% during the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock valued at $1,149,000 after purchasing an additional 577 shares during the period. Gamco Investors INC. ET AL grew its holdings in Steel Partners by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of Steel Partners in the first quarter worth about $330,000. 50.75% of the stock is owned by hedge funds and other institutional investors.

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.