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

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

Steel Partners Trading Up 0.7 %

Steel Partners stock opened at $38.50 on Friday. The stock has a 50-day simple moving average of $38.00 and a 200 day simple moving average of $10,139.83. The stock has a market capitalization of $797.72 million, a P/E ratio of 6.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.27. Steel Partners has a 52 week low of $33.12 and a 52 week high of $48.00.

Steel Partners (NYSE:SPLP) last released its quarterly earnings data on Friday, March 8th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter. The company had revenue of $466.91 million during the quarter. Steel Partners had a return on equity of 16.41% and a net margin of 7.92%.

Institutional Trading of Steel Partners

Several hedge funds and other institutional investors have recently modified their holdings of SPLP. Advisory Services Network LLC bought a new stake in Steel Partners in the 1st quarter valued at $287,000. BNP Paribas Arbitrage SA bought a new position in Steel Partners during the 1st quarter worth $122,000. HighTower Advisors LLC lifted its holdings in shares of Steel Partners by 3.1% during the first quarter. HighTower Advisors LLC now owns 19,047 shares of the conglomerate’s stock worth $792,000 after buying an additional 573 shares in the last quarter. Finally, Teton Advisors Inc. boosted its position in shares of Steel Partners by 4.1% in the fourth quarter. Teton Advisors Inc. now owns 10,200 shares of the conglomerate’s stock valued at $408,000 after acquiring an additional 400 shares during the period. Institutional investors own 50.75% of the company’s stock.

Steel Partners Company Profile

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.