Steel Partners Holdings L.P. (NYSE:SPLP) Short Interest Update

Steel Partners Holdings L.P. (NYSE:SPLP) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 400 shares, a growth of 300.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Insider Buying and Selling at Steel Partners

In other news, President Jack L. Howard sold 25,500 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $24.20, for a total value of $617,100.00. Following the sale, the president directly owned 62,149 shares in the company, valued at approximately $1,504,005.80. This trade represents a 29.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 84.80% of the company’s stock.

Institutional Trading of Steel Partners

Several institutional investors and hedge funds have recently bought and sold shares of SPLP. Gamco Investors INC. ET AL lifted its stake in shares of Steel Partners by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock valued at $4,123,000 after purchasing an additional 3,300 shares during the period. Teton Advisors Inc. increased its holdings in Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after acquiring an additional 500 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in Steel Partners in the 1st quarter worth $330,000. 50.75% of the stock is currently owned by institutional investors and hedge funds.

Steel Partners Price Performance

SPLP stock opened at $42.00 on Thursday. The firm has a 50 day moving average of $40.63 and a 200 day moving average of $39.83. The stock has a market capitalization of $840.13 million, a PE ratio of 4.31 and a beta of 1.25. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. Steel Partners has a 52 week low of $27.95 and a 52 week high of $48.45.

Steel Partners Announces Dividend

The firm also recently disclosed a dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.375 per share. This represents a yield of 3.84%. The ex-dividend date of this dividend was Friday, May 30th. Steel Partners’s payout ratio is 3.32%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Steel Partners in a research note on Monday, May 19th. They issued a “strong-buy” rating for the company.

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.