Steel Partners Holdings L.P. Acquires 1,323 Shares of Steel Connect, Inc. (NASDAQ:STCN) Stock

Steel Connect, Inc. (NASDAQ:STCNGet Free Report) Director Steel Partners Holdings L.P. acquired 1,323 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $13,891.50. Following the acquisition, the director now owns 1,079,746 shares of the company’s stock, valued at approximately $11,337,333. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Steel Partners Holdings L.P. also recently made the following trade(s):

  • On Friday, April 26th, Steel Partners Holdings L.P. bought 47,013 shares of Steel Connect stock. The stock was purchased at an average cost of $12.00 per share, with a total value of $564,156.00.
  • On Wednesday, April 24th, Steel Partners Holdings L.P. purchased 156,313 shares of Steel Connect stock. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $1,875,756.00.
  • On Thursday, April 18th, Steel Partners Holdings L.P. acquired 701,246 shares of Steel Connect stock. The stock was purchased at an average cost of $9.83 per share, with a total value of $6,893,248.18.
  • On Friday, April 12th, Steel Partners Holdings L.P. bought 6 shares of Steel Connect stock. The stock was acquired at an average cost of $9.35 per share, for a total transaction of $56.10.
  • On Wednesday, April 10th, Steel Partners Holdings L.P. purchased 18,605 shares of Steel Connect stock. The shares were acquired at an average price of $8.93 per share, with a total value of $166,142.65.

Steel Connect Stock Performance

NASDAQ STCN opened at $11.00 on Friday. Steel Connect, Inc. has a one year low of $7.36 and a one year high of $12.61. The firm has a market cap of $69.19 million, a PE ratio of 3.51 and a beta of 0.18. The firm’s fifty day moving average is $11.20 and its two-hundred day moving average is $9.93.

Steel Connect (NASDAQ:STCNGet Free Report) last released its earnings results on Friday, March 15th. The technology company reported $0.18 earnings per share (EPS) for the quarter. Steel Connect had a return on equity of 24.94% and a net margin of 53.00%. The business had revenue of $43.05 million for the quarter.

Hedge Funds Weigh In On Steel Connect

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its holdings in Steel Connect by 2.0% during the third quarter. Gamco Investors INC. ET AL now owns 149,094 shares of the technology company’s stock worth $1,565,000 after buying an additional 2,872 shares in the last quarter. Gabelli Funds LLC increased its holdings in Steel Connect by 1.8% in the third quarter. Gabelli Funds LLC now owns 328,945 shares of the technology company’s stock valued at $3,454,000 after buying an additional 5,765 shares in the last quarter. Steel Partners Holdings L.P. lifted its position in shares of Steel Connect by 0.9% during the 4th quarter. Steel Partners Holdings L.P. now owns 2,017,689 shares of the technology company’s stock valued at $19,440,000 after acquiring an additional 18,261 shares during the period. Finally, Wealthspire Advisors LLC purchased a new stake in shares of Steel Connect during the 1st quarter worth approximately $2,991,000. 47.28% of the stock is owned by institutional investors and hedge funds.

Steel Connect Company Profile

(Get Free Report)

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.

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