Shares of Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) traded up 12.2% during trading on Monday . The stock traded as high as $40.88 and last traded at $40.54. 2,637 shares were traded during trading, a decline of 48% from the average session volume of 5,074 shares. The stock had previously closed at $36.12.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Steel Partners in a research note on Friday, November 8th. They issued a “strong-buy” rating on the stock.
Check Out Our Latest Report on Steel Partners
Steel Partners Stock Performance
Institutional Trading of Steel Partners
An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. increased its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP – Free Report) by 22.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,500 shares of the conglomerate’s stock after buying an additional 2,300 shares during the period. Teton Advisors Inc. owned 0.06% of Steel Partners worth $496,000 as of its most recent filing with the SEC. Hedge funds and other 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.
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