StockNews.com Begins Coverage on Steel Partners (NYSE:SPLP)

Investment analysts at StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP) in a research note issued to investors on Monday. The brokerage set a “strong-buy” rating on the conglomerate’s stock.

Steel Partners Price Performance

NYSE:SPLP opened at $41.93 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a market cap of $799.72 million, a P/E ratio of 4.30 and a beta of 1.37. The company has a fifty day moving average price of $41.12 and a 200 day moving average price of $41.21. Steel Partners has a one year low of $34.55 and a one year high of $48.45.

Steel Partners (NYSE:SPLP) last announced its quarterly earnings data on Tuesday, March 11th. The conglomerate reported $3.40 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPLP. Teton Advisors Inc. boosted its stake in Steel Partners by 4.0% during the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after buying an additional 500 shares in the last quarter. De Lisle Partners LLP boosted its position in shares of Steel Partners by 83.0% during the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock valued at $924,000 after acquiring an additional 10,377 shares in the last quarter. HighTower Advisors LLC increased its stake in Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock valued at $1,082,000 after acquiring an additional 635 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in Steel Partners by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after purchasing an additional 3,300 shares in the last quarter. 50.75% of the stock is currently owned by institutional investors and hedge funds.

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.