Steel Partners Holdings LP (NYSE:SPLP) Chairman Purchases $79,232.24 in Stock

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Steel Partners Holdings LP (NYSE:SPLP) Chairman Warren G. Lichtenstein purchased 6,647 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average price of $11.92 per share, for a total transaction of $79,232.24. Following the completion of the purchase, the chairman now owns 844,922 shares in the company, valued at $10,071,470.24. The transaction was disclosed in a filing with the SEC, which is available at this link.

SPLP stock traded up $0.19 during trading on Tuesday, reaching $12.20. The stock had a trading volume of 7,110 shares, compared to its average volume of 24,352. Steel Partners Holdings LP has a 52 week low of $11.25 and a 52 week high of $14.55. The stock’s 50 day moving average is $12.31 and its two-hundred day moving average is $13.15. The company has a current ratio of 1.05, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market cap of $300.13 million, a PE ratio of 10.35 and a beta of 0.65.

The company also recently announced a Not Available dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th.

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in shares of Steel Partners during the 2nd quarter valued at about $45,000. Gamco Investors INC. ET AL lifted its stake in shares of Steel Partners by 7.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 28,736 shares of the conglomerate’s stock worth $402,000 after purchasing an additional 2,100 shares during the period. Morgan Stanley lifted its stake in shares of Steel Partners by 52.4% in the 2nd quarter. Morgan Stanley now owns 1,911,013 shares of the conglomerate’s stock worth $26,753,000 after purchasing an additional 656,777 shares during the period. Family Management Corp purchased a new position in shares of Steel Partners in the second quarter worth approximately $614,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Steel Partners by 44.9% in the second quarter. Russell Investments Group Ltd. now owns 6,545 shares of the conglomerate’s stock worth $92,000 after buying an additional 2,029 shares during the last quarter. Institutional investors and hedge funds own 30.27% of the company’s stock.

About Steel Partners

Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services 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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