Steel Partners (NYSE:SPLP) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) saw strong 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.

Analysts Set New Price Targets

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 Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market cap of $799.72 million, a P/E ratio of 4.30 and a beta of 1.37. The business’s fifty day moving average is $41.12 and its two-hundred day moving average is $41.21.

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. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The firm had revenue of $497.92 million during the quarter.

Institutional Trading of Steel Partners

Several institutional investors and hedge funds have recently made changes to their positions 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 valued at $4,123,000 after purchasing an additional 3,300 shares during the period. HighTower Advisors LLC increased its holdings in Steel Partners by 2.2% during the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate’s stock valued at $1,149,000 after buying an additional 577 shares during the period. De Lisle Partners LLP raised its stake in Steel Partners by 83.0% in the third quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock worth $924,000 after buying an additional 10,377 shares in the last quarter. Finally, Teton Advisors Inc. lifted its holdings in Steel Partners by 4.0% during 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 during the period. 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.