Insider Buying: Steel Partners Holdings L.P. (NYSE:SPLP) President Acquires $701,800.00 in Stock

Steel Partners Holdings L.P. (NYSE:SPLP) President Jack L. Howard acquired 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $24.20 per share, with a total value of $701,800.00. Following the acquisition, the president now directly owns 143,516 shares of the company’s stock, valued at $3,473,087.20. The trade was a 25.32% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Steel Partners Stock Performance

NYSE SPLP opened at $38.50 on Monday. Steel Partners Holdings L.P. has a 52-week low of $27.00 and a 52-week high of $48.45. The company has a 50-day simple moving average of $38.06 and a 200 day simple moving average of $40.24. 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 capitalization of $737.31 million, a PE ratio of 3.95 and a beta of 1.21.

Steel Partners (NYSE:SPLP) last posted its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share (EPS) for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The business had revenue of $497.92 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Steel Partners in a report on Monday. They set a “strong-buy” rating for the company.

Hedge Funds Weigh In On Steel Partners

Several large investors have recently modified their holdings of the business. Gamco Investors INC. ET AL increased its stake in shares of Steel Partners by 4.7% in the first quarter. Gamco Investors INC. ET AL now owns 101,372 shares of the conglomerate’s stock worth $4,157,000 after purchasing an additional 4,508 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Steel Partners in the first quarter worth about $330,000. Teton Advisors Inc. increased its stake in shares of Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 500 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Steel Partners by 2.2% in the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate’s stock worth $1,149,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other 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.