StockNews.com initiated coverage on shares of Steel Partners (NYSE:SPLP – Get Rating) in a report issued on Monday. The brokerage issued a strong-buy rating on the conglomerate’s stock.
Steel Partners Trading Up 0.2 %
Shares of SPLP opened at $44.08 on Monday. The firm has a fifty day simple moving average of $42.69 and a two-hundred day simple moving average of $42.91. Steel Partners has a twelve month low of $38.00 and a twelve month high of $47.62. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $955.11 million, a P/E ratio of 4.96 and a beta of 1.31.
Steel Partners (NYSE:SPLP – Get Rating) last posted its earnings results on Wednesday, March 8th. The conglomerate reported $2.82 EPS for the quarter. Steel Partners had a net margin of 13.04% and a return on equity of 20.56%. The firm had revenue of $422.62 million during the quarter.
Insider Transactions at Steel Partners
Institutional Trading of Steel Partners
A number of institutional investors and hedge funds have recently bought and sold shares of SPLP. HighTower Advisors LLC increased its stake in Steel Partners by 3.1% during the 1st quarter. HighTower Advisors LLC now owns 19,047 shares of the conglomerate’s stock valued at $792,000 after purchasing an additional 573 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Steel Partners during the 1st quarter valued at about $122,000. Advisory Services Network LLC bought a new stake in shares of Steel Partners in the first quarter worth approximately $287,000. Alpha Omega Wealth Management LLC grew its stake in shares of Steel Partners by 4.1% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 76,457 shares of the conglomerate’s stock worth $3,272,000 after acquiring an additional 3,000 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in shares of Steel Partners in the fourth quarter worth approximately $420,000. 90.03% of the stock is currently owned by institutional investors.
About Steel Partners
Steel Partners Holdings LP engages in owning and operating businesses in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports. It operates through the following segments: Diversified Industrial, Energy, Financial Services, and Corporate and Other.
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