Steel Partners (NYSE:SPLP) Reaches New 1-Year High – Should You Buy?

Steel Partners Holdings L.P. (NYSE:SPLP)’s stock price hit 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 changing hands. The stock had previously closed at $47.00.

Steel Partners Price Performance

The company has a 50-day moving average of $42.47 and a two-hundred day moving average of $41.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a market capitalization of $968.63 million, a PE ratio of 4.96 and a beta of 0.58.

Institutional Investors Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL raised its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% in the 2nd quarter, according to its most recent Form 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 period. Gamco Investors INC. ET AL owned 0.52% of Steel Partners worth $4,139,000 at the end of the most recent reporting period. 50.75% of the stock is owned by institutional investors and hedge funds.

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.