Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.85 and traded as high as $42.33. Steel Partners shares last traded at $42.33, with a volume of 238 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on Steel Partners in a report on Monday, May 19th. They set a "strong-buy" rating on the stock.
Read Our Latest Analysis on SPLP
Steel Partners Stock Performance
The company has a market capitalization of $856.09 million, a price-to-earnings ratio of 4.39 and a beta of 1.30. The company has a 50 day moving average price of $41.09 and a 200 day moving average price of $39.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27.
Steel Partners Announces Dividend
The company also recently announced a dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were given a dividend of $0.375 per share. This represents a dividend yield of 384.0%. The ex-dividend date of this dividend was Friday, May 30th. Steel Partners's dividend payout ratio is presently 3.79%.
Institutional Trading of Steel Partners
An institutional investor recently bought a new position in Steel Partners stock. Axxcess Wealth Management LLC bought a new position in Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,051 shares of the conglomerate's stock, valued at approximately $330,000. Institutional investors own 50.75% of the company's stock.
About Steel Partners
(
Get Free Report)
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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