Posted by admin on Apr 23rd, 2022
Steel Partners (NYSE:SPLP – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “strong-buy” rating in a report released on Friday.
Separately, TheStreet upgraded shares of Steel Partners from a “c” rating to a “b-” rating in a research note on Wednesday, February 2nd.
NYSE SPLP traded down $0.20 during trading hours on Friday, hitting $41.80. The company had a trading volume of 4,186 shares, compared to its average volume of 14,962. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.54 and a current ratio of 1.80. Steel Partners has a 1-year low of $18.85 and a 1-year high of $44.56. The company has a market cap of $865.89 million, a PE ratio of 8.71 and a beta of 1.83. The business has a 50 day moving average of $41.42 and a 200-day moving average of $37.40.
Steel Partners (NYSE:SPLP – Get Rating) last released its quarterly earnings data on Thursday, March 10th. The conglomerate reported $1.25 earnings per share (EPS) for the quarter. Steel Partners had a net margin of 8.62% and a return on equity of 21.35%. The company had revenue of $431.86 million during the quarter.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dorsey Wright & Associates boosted its stake 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 boosted its stake in Steel Partners by 3.6% during the 4th quarter. HighTower Advisors LLC now owns 18,474 shares of the conglomerate’s stock valued at $776,000 after purchasing an additional 641 shares during the period. Teton Advisors Inc. lifted its stake in shares of Steel Partners by 1.3% in the 4th quarter. Teton Advisors Inc. now owns 94,182 shares of the conglomerate’s stock worth $3,956,000 after acquiring an additional 1,211 shares during the period. Smith Moore & CO. lifted its stake in shares of Steel Partners by 77.2% in the 4th quarter. Smith Moore & CO. now owns 18,611 shares of the conglomerate’s stock worth $782,000 after acquiring an additional 8,111 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Steel Partners in the 4th quarter worth approximately $389,000. 81.02% 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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