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

StockNews.com started coverage on shares of Steel Partners (NYSE:SPLP) in a research report released on Monday. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Stock Down 0.1 %

Shares of NYSE:SPLP opened at $40.16 on Monday. The stock has a market capitalization of $770.27 million, a price-to-earnings ratio of 4.12 and a beta of 1.39. Steel Partners has a 1-year low of $33.12 and a 1-year high of $48.45. The company’s fifty day moving average is $42.01 and its two-hundred day moving average is $40.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27.

Steel Partners (NYSE:SPLP) last issued its earnings results on Friday, November 8th. The conglomerate reported $1.65 earnings per share for the quarter. The company had revenue of $520.42 million for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.

Institutional Trading of Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. De Lisle Partners LLP raised its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,877 shares of the conglomerate’s stock after buying an additional 10,377 shares during the period. De Lisle Partners LLP owned approximately 0.12% of Steel Partners worth $924,000 as of its most recent SEC filing. 50.75% of the stock is currently 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.