Steel Partners (NYSE:SPLP) Stock Price Crosses Below 200-Day Moving Average of $13.16

Share on StockTwits

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.

In other Steel Partners news, COO William Theodore Fejes, Jr. sold 25,000 shares of Steel Partners stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $11.60, for a total transaction of $290,000.00. Following the transaction, the chief operating officer now directly owns 194,813 shares in the company, valued at approximately $2,259,830.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Warren G. Lichtenstein bought 7,335 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $88,020.00. Following the completion of the purchase, the chairman now owns 844,922 shares in the company, valued at $10,139,064. The disclosure for this purchase can be found here. 56.90% of the stock is currently owned by corporate insiders.

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.

Featured Story: What are the benefits of a balanced fund?

Receive News & Ratings for Steel Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Partners and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.