StockNews.com Begins Coverage on Steel Partners (NYSE:SPLP)

Analysts at StockNews.com initiated coverage on shares of Steel Partners (NYSE:SPLP) in a research report issued to clients and investors on Monday. The brokerage set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Trading Up 0.9 %

NYSE SPLP opened at $41.93 on Monday. The company has a market capitalization of $799.72 million, a PE ratio of 4.30 and a beta of 1.37. Steel Partners has a 1-year low of $34.55 and a 1-year high of $48.45. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $41.12 and its 200-day simple moving average is $41.21.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SPLP. Gamco Investors INC. ET AL boosted its holdings in Steel Partners by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after purchasing an additional 3,300 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Steel Partners by 2.2% during the 4th quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate’s stock worth $1,149,000 after acquiring an additional 577 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Steel Partners by 83.0% during the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock valued at $924,000 after acquiring an additional 10,377 shares during the last quarter. Finally, Teton Advisors Inc. increased its holdings in shares of Steel Partners by 4.0% during the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock valued at $553,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 50.75% of the company’s stock.

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.