Steel Partners (NYSE:SPLP) Sees Large Volume Increase – What’s Next?

Steel Partners Holdings L.P. (NYSE:SPLP) shares saw unusually-strong trading volume on Wednesday . Approximately 68,217 shares traded hands during trading, an increase of 201% from the previous session’s volume of 22,690 shares.The stock last traded at $50.05 and had previously closed at $50.35.

Steel Partners Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.00 billion, a PE ratio of 5.13 and a beta of 0.54. The stock has a fifty day moving average of $43.88 and a 200-day moving average of $42.57.

Hedge Funds Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL lifted its position in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 104,648 shares of the conglomerate’s stock after buying an additional 3,276 shares during the period. Gamco Investors INC. ET AL owned 0.52% of Steel Partners worth $4,139,000 as of its most recent SEC filing. Institutional investors and hedge funds own 50.75% of the company’s stock.

Steel Partners Company Profile

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.