Steel Connect, Inc. (NASDAQ:STCN – Get Free Report) Director Steel Partners Holdings L.P. acquired 47,013 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $12.00 per share, for a total transaction of $564,156.00. Following the completion of the transaction, the director now owns 1,078,423 shares in the company, valued at $12,941,076. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Steel Partners Holdings L.P. also recently made the following trade(s):
- On Wednesday, April 24th, Steel Partners Holdings L.P. acquired 156,313 shares of Steel Connect stock. The stock was purchased at an average price of $12.00 per share, for a total transaction of $1,875,756.00.
- On Thursday, April 18th, Steel Partners Holdings L.P. bought 701,246 shares of Steel Connect stock. The stock was acquired at an average cost of $9.83 per share, with a total value of $6,893,248.18.
- On Friday, April 12th, Steel Partners Holdings L.P. bought 6 shares of Steel Connect stock. The stock was acquired at an average cost of $9.35 per share, with a total value of $56.10.
- On Wednesday, April 10th, Steel Partners Holdings L.P. bought 18,605 shares of Steel Connect stock. The stock was acquired at an average cost of $8.93 per share, with a total value of $166,142.65.
Steel Connect Stock Performance
Steel Connect stock opened at $12.13 on Friday. Steel Connect, Inc. has a one year low of $6.35 and a one year high of $12.48. The business has a fifty day moving average of $9.31 and a two-hundred day moving average of $9.47. The company has a market cap of $76.27 million, a P/E ratio of 12.20 and a beta of 0.33.
Institutional Investors Weigh In On Steel Connect
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Steel Partners Holdings L.P. raised its stake in shares of Steel Connect by 0.9% during the 4th quarter. Steel Partners Holdings L.P. now owns 2,017,689 shares of the technology company’s stock worth $19,440,000 after buying an additional 18,261 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Steel Connect by 1.8% during the 3rd quarter. Gabelli Funds LLC now owns 328,945 shares of the technology company’s stock worth $3,454,000 after buying an additional 5,765 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Steel Connect by 2.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 149,094 shares of the technology company’s stock worth $1,565,000 after buying an additional 2,872 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC acquired a new position in shares of Steel Connect during the 3rd quarter worth $168,000. Institutional investors and hedge funds own 47.28% of the company’s stock.
About Steel Connect
Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.
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