Shares of Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $48.40 and last traded at $48.40, with a volume of 1067 shares traded. The stock had previously closed at $47.00.
Steel Partners Price Performance
The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The stock has a market capitalization of $956.02 million, a PE ratio of 4.90 and a beta of 0.58. The stock’s 50 day moving average is $42.70 and its two-hundred day moving average is $42.01.
Institutional Trading of Steel Partners
A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL boosted its position in Steel Partners Holdings L.P. (NYSE:SPLP – Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,648 shares of the conglomerate’s stock after purchasing an additional 3,276 shares during the quarter. Gamco Investors INC. ET AL owned about 0.52% of Steel Partners worth $4,139,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 50.75% of the company’s stock.
About Steel Partners
Steel Partners Holdings L.P. (NYSE:SPLP) is a diversified holding company founded in 1990 by Robert P. Steel. Through a collection of operating subsidiaries, the firm invests in and manages businesses across a range of industries, including steel and metal manufacturing, precision machining, performance materials, and equipment distribution. In addition to its core industrial operations, Steel Partners maintains interests in real estate, transportation services, dental support, and digital imaging solutions, reflecting a strategy of building value through diversified assets.
Headquartered in New York, Steel Partners conducts operations through regional offices, manufacturing plants and distribution centers located throughout the United States, Canada and selected European markets.
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