Steel Partners (NYSE:SPLP) Sees Large Volume Increase – Still a Buy?

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) saw an uptick in trading volume on Monday . 3,380 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 4,426 shares.The stock last traded at $41.42 and had previously closed at $41.47.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Steel Partners in a research note on Monday. They issued a “strong-buy” rating on the stock.

Steel Partners Trading Down 0.1 %

The business has a 50 day moving average of $41.07 and a two-hundred day moving average of $41.18. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market cap of $790.18 million, a P/E ratio of 4.25 and a beta of 1.37.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its position in Steel Partners by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after buying an additional 3,300 shares during the period. HighTower Advisors LLC grew its holdings in shares of Steel Partners by 2.2% during the 4th 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. De Lisle Partners LLP grew its holdings 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 worth $924,000 after purchasing an additional 10,377 shares in the last quarter. Finally, Teton Advisors Inc. grew its holdings in shares of Steel Partners by 4.0% during the 4th 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. 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.