Steel Partners (NYSE:SPLP) Shares Gap Up to $29.00

Steel Partners Holdings L.P. (NYSE:SPLP)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $29.00, but opened at $30.45. Steel Partners shares last traded at $30.45, with a volume of 100 shares.

The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.67 and a current ratio of 1.97. The company’s fifty day simple moving average is $30.52 and its 200-day simple moving average is $24.27. The company has a market capitalization of $656.68 million, a P/E ratio of 5.13 and a beta of 1.89.

Several institutional investors have recently made changes to their positions in the stock. Steel Partners Holdings L.P. raised its position in shares of Steel Partners by 31.8% in the 2nd quarter. Steel Partners Holdings L.P. now owns 5,604,462 shares of the conglomerate’s stock valued at $163,202,000 after purchasing an additional 1,351,488 shares during the last quarter. Gabelli Funds LLC raised its position in Steel Partners by 12.8% during the 1st quarter. Gabelli Funds LLC now owns 771,732 shares of the conglomerate’s stock worth $10,611,000 after buying an additional 87,399 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Steel Partners by 15.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 125,890 shares of the conglomerate’s stock worth $1,731,000 after buying an additional 16,790 shares during the last quarter. Morgan Stanley raised its position in Steel Partners by 297.0% during the 1st quarter. Morgan Stanley now owns 102,399 shares of the conglomerate’s stock worth $1,407,000 after buying an additional 76,604 shares during the last quarter. Finally, Teton Advisors Inc. raised its position in Steel Partners by 10.5% during the 2nd quarter. Teton Advisors Inc. now owns 85,000 shares of the conglomerate’s stock worth $2,475,000 after buying an additional 8,100 shares during the last quarter. 32.78% of the stock is owned by hedge funds and other institutional investors.

Steel Partners Company Profile (NYSE:SPLP)

Steel Partners Holdings LP operates as a holding company, which engages in owning and operating businesses and has significant interests in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports. It operates through the following segments: Diversified Industrial, Energy, Financial Services, and Corporate and Other.

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