Steel Partners (NYSE:SPLP) Sees Unusually-High Trading Volume – What’s Next?

Steel Partners Holdings L.P. (NYSE:SPLP) saw unusually-strong trading volume on Wednesday . Approximately 1,128 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 715 shares.The stock last traded at $42.11 and had previously closed at $41.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Steel Partners in a research note on Wednesday, February 12th. They set a “strong-buy” rating on the stock.

Steel Partners Stock Up 1.4 %

The firm has a fifty day simple moving average of $41.61 and a 200 day simple moving average of $40.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market cap of $807.61 million, a PE ratio of 4.32 and a beta of 1.38.

Hedge Funds Weigh In On Steel Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors Inc. boosted its holdings in shares of Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock valued at $553,000 after purchasing an additional 500 shares during the last quarter. De Lisle Partners LLP boosted its holdings in Steel Partners by 83.0% in the third quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock valued at $924,000 after acquiring an additional 10,377 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock valued at $1,082,000 after acquiring an additional 635 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Steel Partners by 3.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after acquiring an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 50.75% of the company’s stock.

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.