Steel Partners (NYSE:SPLP) Announces Quarterly Earnings Results

Steel Partners (NYSE:SPLP) posted its quarterly earnings results on Wednesday. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, reports. The business had revenue of $476.35 million during the quarter. Steel Partners had a net margin of 7.92% and a return on equity of 16.41%.

Steel Partners Stock Performance

Shares of NYSE:SPLP traded down $0.25 during trading on Friday, reaching $37.75. The stock had a trading volume of 81,465 shares, compared to its average volume of 8,731. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $37.91 and a two-hundred day simple moving average of $10,068.94. The firm has a market capitalization of $769.80 million, a price-to-earnings ratio of 5.53 and a beta of 1.30. Steel Partners has a 52 week low of $33.12 and a 52 week high of $48.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. lifted its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,200 shares of the conglomerate’s stock after purchasing an additional 400 shares during the quarter. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Steel Partners in a research report on Wednesday. They issued a “strong-buy” rating for the company.

About Steel Partners

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.