Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Upgrades and Downgrades
Separately, Wall Street Zen started coverage on Steel Partners in a report on Monday, May 19th. They issued a "strong-buy" rating on the stock.
Read Our Latest Research Report on Steel Partners
Steel Partners Price Performance
The stock has a market cap of $856.09 million, a price-to-earnings ratio of 4.39 and a beta of 1.30. The stock has a fifty day simple moving average of $41.14 and a 200-day simple moving average of $39.88. 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 Dividend Announcement
The company also recently disclosed a dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were issued 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 (DPR) is presently 3.79%.
Institutional Trading of Steel Partners
A hedge fund recently bought a new stake in Steel Partners stock. Axxcess Wealth Management LLC acquired a new position in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,051 shares of the conglomerate's stock, valued at approximately $330,000. Institutional investors and hedge funds 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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