Steel Partners (NYSE:SPLP) Reaches New 52-Week High – What’s Next?

Steel Partners Holdings L.P. (NYSE:SPLPGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $50.00 and last traded at $50.00, with a volume of 3747 shares traded. The stock had previously closed at $44.41.

Steel Partners Price Performance

The stock has a market cap of $1.02 billion, a P/E ratio of 5.23 and a beta of 0.58. The company has a 50 day simple moving average of $43.06 and a 200 day simple moving average of $42.23. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Institutional Trading of Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL increased its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLPFree Report) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,648 shares of the conglomerate’s stock after acquiring an additional 3,276 shares during the quarter. Gamco Investors INC. ET AL owned about 0.52% of Steel Partners worth $4,139,000 as of its most recent SEC filing. 50.75% of the stock is owned by institutional investors.

About Steel Partners

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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.

Further Reading

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