Steel Partners (NYSE:SPLP) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Steel Partners (NYSE:SPLP) in a research note issued on Sunday. The firm set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Trading Down 0.5 %

SPLP opened at $40.22 on Friday. Steel Partners has a 12 month low of $34.55 and a 12 month high of $48.45. The stock has a market capitalization of $767.10 million, a price-to-earnings ratio of 4.12 and a beta of 1.37. 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 business has a fifty day moving average price of $41.16 and a 200 day moving average price of $41.08.

Steel Partners (NYSE:SPLP) last released its earnings results on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The firm had revenue of $497.92 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its holdings in Steel Partners by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock worth $1,082,000 after buying an additional 635 shares during the last quarter. De Lisle Partners LLP lifted its holdings in Steel Partners by 83.0% during the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock worth $924,000 after buying an additional 10,377 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Steel Partners by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after buying an additional 3,300 shares during the last quarter. Finally, Teton Advisors Inc. lifted its holdings in Steel Partners by 4.0% during the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after buying an additional 500 shares during the last quarter. 50.75% of the stock is owned by institutional investors and hedge funds.

About Steel Partners

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.