Steel Partners Holdings LP (NYSE:SPLP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.16 and traded as low as $11.93. Steel Partners shares last traded at $12.16, with a volume of 6,202 shares trading hands.
The stock has a 50-day moving average of $12.30 and a two-hundred day moving average of $13.14. The firm has a market cap of $300.13 million, a price-to-earnings ratio of 10.35 and a beta of 0.65. 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 company also recently disclosed a Not Available dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, November 27th.
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Steel Partners during the second quarter valued at approximately $45,000. Russell Investments Group Ltd. boosted its stake in shares of Steel Partners by 44.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,545 shares of the conglomerate’s stock valued at $92,000 after buying an additional 2,029 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Steel Partners by 7.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 28,736 shares of the conglomerate’s stock valued at $402,000 after buying an additional 2,100 shares during the period. Family Management Corp purchased a new position in shares of Steel Partners during the 2nd quarter valued at $614,000. Finally, Morgan Stanley grew its holdings in shares of Steel Partners by 52.4% during the 2nd quarter. Morgan Stanley now owns 1,911,013 shares of the conglomerate’s stock valued at $26,753,000 after acquiring an additional 656,777 shares in the last quarter. 30.27% of the stock is owned by institutional investors and hedge funds.
Steel Partners Company Profile (NYSE:SPLP)
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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