Steel Connect, Inc. (NASDAQ:STCN) Director Steel Partners Holdings L.P. Purchases 18,605 Shares

Steel Connect, Inc. (NASDAQ:STCN) Director Steel Partners Holdings L.P. bought 18,605 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average price of $8.93 per share, for a total transaction of $166,142.65. Following the completion of the acquisition, the director now owns 88,147 shares of the company’s stock, valued at approximately $787,152.71. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Steel Partners Holdings L.P. also recently made the following trade(s):

• On Friday, April 12th, Steel Partners Holdings L.P. acquired 6 shares of Steel Connect stock. The shares were bought at an average cost of $9.35 per share, with a total value of $56.10.

Steel Connect Stock Down 1.0 %

Shares of STCN stock opened at $9.82 on Thursday. The firm has a fifty day moving average of $8.96 and a 200-day moving average of $9.42. Steel Connect, Inc. has a 12-month low of $6.35 and a 12-month high of $12.48. The company has a market capitalization of $61.77 million, a price-to-earnings ratio of 9.88 and a beta of 0.33.

Steel Connect (NASDAQ:STCN) last issued its quarterly earnings data on Friday, March 15th. The technology company reported $0.18 earnings per share (EPS) for the quarter. Steel Connect had a net margin of 12.23% and a return on equity of 39.04%. The company had revenue of $43.05 million during the quarter.

Institutional Investors Weigh In On Steel Connect

Large investors have recently made changes to their positions in the stock. Centiva Capital LP bought a new position in Steel Connect in the fourth quarter valued at $29,000. Charles Schwab Investment Management Inc. bought a new position in Steel Connect in the first quarter valued at $33,000. Jane Street Group LLC bought a new position in Steel Connect in the third quarter valued at $47,000. Virtu Financial LLC bought a new position in Steel Connect in the second quarter valued at $60,000. Finally, CSS LLC IL grew its position in Steel Connect by 86.2% in the fourth quarter. CSS LLC IL now owns 45,358 shares of the technology company’s stock valued at $65,000 after purchasing an additional 21,000 shares in the last quarter. Institutional investors own 47.28% of the company’s stock.

Steel Connect Company Profile

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.