Steel Partners (NYSE:SPLP) Trading Up 7% – Should You Buy?

Steel Partners Holdings L.P. (NYSE:SPLP) traded up 7% during mid-day trading on Tuesday . The stock traded as high as $41.76 and last traded at $42.48. 1,437 shares were traded during trading, a decline of 68% from the average session volume of 4,556 shares. The stock had previously closed at $39.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Steel Partners in a research note on Sunday. They set a “strong-buy” rating for the company.

Steel Partners Trading Down 0.2 %

The firm has a market capitalization of $790.45 million, a PE ratio of 4.25 and a beta of 1.37. The firm’s fifty day moving average is $41.10 and its two-hundred day moving average is $41.12. 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 posted its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share (EPS) for the quarter. The company had revenue of $497.92 million for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%.

Institutional Trading of Steel Partners

Several large investors have recently added to or reduced their stakes in SPLP. Teton Advisors Inc. lifted its holdings 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 buying an additional 500 shares in the last quarter. De Lisle Partners LLP raised its stake in shares of Steel Partners by 83.0% in the third 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 during the period. HighTower Advisors LLC grew its holdings in shares of Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock worth $1,082,000 after purchasing an additional 635 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of 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 during the last quarter. 50.75% of the stock is currently owned by institutional investors.

Steel Partners Company Profile

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.