Steel Partners (NYSE:SPLP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP) in a research note issued to investors on Wednesday. The brokerage issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Trading Down 0.2 %

Shares of SPLP opened at $42.41 on Wednesday. The stock has a fifty day moving average price of $41.22 and a two-hundred day moving average price of $39.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market cap of $813.64 million, a price-to-earnings ratio of 4.35 and a beta of 1.38. Steel Partners has a 52-week low of $33.12 and a 52-week high of $48.45.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. De Lisle Partners LLP raised 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 purchasing an additional 10,377 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Steel Partners by 0.3% during the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate’s stock worth $22,207,000 after buying an additional 1,700 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock valued at $1,082,000 after buying an additional 635 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.