Posted by admin on May 14th, 2022
Steel Partners (NYSE:SPLP – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Separately, TheStreet upgraded shares of Steel Partners from a “c” rating to a “b-” rating in a report on Wednesday, February 2nd.
SPLP opened at $42.26 on Thursday. Steel Partners has a twelve month low of $20.02 and a twelve month high of $44.56. The company has a 50-day simple moving average of $41.96 and a 200 day simple moving average of $38.64. The company has a quick ratio of 1.49, a current ratio of 1.75 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $875.42 million, a price-to-earnings ratio of 12.43 and a beta of 1.70.
Steel Partners (NYSE:SPLP – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The conglomerate reported $1.25 earnings per share for the quarter. The business had revenue of $431.86 million during the quarter. Steel Partners had a net margin of 5.14% and a return on equity of 13.15%.
A number of large investors have recently added to or reduced their stakes in the business. Dorsey Wright & Associates increased its position in Steel Partners by 15.7% during the 4th quarter. Dorsey Wright & Associates now owns 3,900 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 528 shares during the period. HighTower Advisors LLC grew its position in shares of Steel Partners by 3.1% during the 1st quarter. HighTower Advisors LLC now owns 19,047 shares of the conglomerate’s stock worth $792,000 after buying an additional 573 shares during the period. Teton Advisors Inc. grew its position in shares of Steel Partners by 1.3% during the 4th quarter. Teton Advisors Inc. now owns 94,182 shares of the conglomerate’s stock worth $3,956,000 after buying an additional 1,211 shares during the period. HM Payson & Co. acquired a new stake in shares of Steel Partners during the 1st quarter worth approximately $153,000. Finally, Smith Moore & CO. grew its position in shares of Steel Partners by 77.2% during the 4th quarter. Smith Moore & CO. now owns 18,611 shares of the conglomerate’s stock worth $782,000 after buying an additional 8,111 shares during the period. 91.57% of the stock is owned by institutional investors and hedge funds.
Steel Partners Company Profile (Get Rating)
Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services 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.
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