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

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

Steel Partners Stock Down 0.1 %

NYSE SPLP opened at $40.16 on Monday. The business has a fifty day moving average price of $42.00 and a two-hundred day moving average price of $40.25. The stock has a market capitalization of $770.27 million, a PE ratio of 4.12 and a beta of 1.39. Steel Partners has a fifty-two week low of $33.12 and a fifty-two week high of $48.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16.

Steel Partners (NYSE:SPLP) last released its quarterly earnings data on Friday, November 8th. The conglomerate reported $1.65 earnings per share for the quarter. The business had revenue of $520.42 million for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.

Institutional Trading of Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. De Lisle Partners LLP boosted its stake in Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,877 shares of the conglomerate’s stock after acquiring an additional 10,377 shares during the period. De Lisle Partners LLP owned 0.12% of Steel Partners worth $924,000 at the end of the most recent 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.