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

StockNews.com began coverage on shares of Steel Partners (NYSE:SPLP) in a research report sent to investors on Monday. The firm issued a strong-buy rating on the conglomerate’s stock.

Steel Partners Price Performance

Steel Partners stock opened at $40.77 on Monday. The company has a market cap of $781.87 million, a P/E ratio of 4.18 and a beta of 1.39. Steel Partners has a one year low of $33.12 and a one year high of $48.45. The business has a fifty day moving average of $41.99 and a two-hundred day moving average of $40.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27.

Steel Partners (NYSE:SPLP) last released its quarterly earnings data on Friday, November 8th. The conglomerate reported $1.65 EPS for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The firm had revenue of $520.42 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steel Partners stock. De Lisle Partners LLP boosted its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,877 shares of the conglomerate’s stock after acquiring an additional 10,377 shares during the period. De Lisle Partners LLP owned about 0.12% of Steel Partners worth $924,000 at the end of the most recent reporting period. Institutional investors own 50.75% of the company’s stock.

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.