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

Research analysts at StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLPGet Free Report) in a note issued to investors on Friday. The firm set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Stock Performance

Shares of SPLP opened at $39.65 on Friday. The firm’s 50 day moving average is $37.75 and its 200-day moving average is $10,140.30. The stock has a market capitalization of $821.55 million, a P/E ratio of 6.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.27 and a quick ratio of 1.17. Steel Partners has a 12-month low of $33.12 and a 12-month high of $48.00.

Steel Partners (NYSE:SPLPGet Free Report) last announced its quarterly earnings data on Friday, March 8th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter. The company had revenue of $466.91 million for the quarter. Steel Partners had a net margin of 7.92% and a return on equity of 16.41%.

Institutional Trading of Steel Partners

Several institutional investors have recently made changes to their positions in the stock. Teton Advisors Inc. boosted its holdings in shares of Steel Partners by 3.4% during the third quarter. Teton Advisors Inc. now owns 9,800 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 318 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Steel Partners by 2.2% during the third quarter. HighTower Advisors LLC now owns 24,065 shares of the conglomerate’s stock worth $1,023,000 after purchasing an additional 522 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in Steel Partners in the first quarter valued at approximately $122,000. Finally, Advisory Services Network LLC acquired a new stake in Steel Partners in the fourth quarter valued at approximately $120,000. 50.75% of the stock is currently owned by institutional investors and hedge funds.

Steel Partners Company Profile

(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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