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

Equities research analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP) in a research report issued on Thursday. The firm set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Price Performance

Shares of NYSE:SPLP opened at $39.97 on Thursday. The stock has a market cap of $815.11 million, a PE ratio of 4.33 and a beta of 1.35. Steel Partners has a 52 week low of $33.12 and a 52 week high of $42.58. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $40.35 and its 200 day moving average is $38.46.

Steel Partners (NYSE:SPLP) last announced its quarterly earnings results on Wednesday, August 7th. The conglomerate reported $4.85 earnings per share (EPS) for the quarter. The business had revenue of $533.16 million for the quarter. Steel Partners had a net margin of 11.04% and a return on equity of 21.44%.

Institutional Investors Weigh In On Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Teton Advisors Inc. grew its holdings in Steel Partners Holdings L.P. (NYSE:SPLP) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the conglomerate’s stock after purchasing an additional 2,300 shares during the period. Teton Advisors Inc. owned about 0.06% of Steel Partners worth $496,000 as of its most recent SEC filing. 50.75% of the stock is currently owned by institutional investors.

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.