Steel Partners (NYSE:SPLP) Sees Strong Trading Volume – Time to Buy?

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) saw an uptick in trading volume on Monday . 5,830 shares traded hands during trading, an increase of 120% from the previous session’s volume of 2,656 shares.The stock last traded at $43.05 and had previously closed at $47.77.

Steel Partners Stock Down 10.9%

The company has a market cap of $862.56 million, a price-to-earnings ratio of 4.42 and a beta of 0.58. 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 stock’s fifty day moving average is $42.84 and its two-hundred day moving average is $42.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steel Partners stock. Gamco Investors INC. ET AL raised its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,648 shares of the conglomerate’s stock after acquiring an additional 3,276 shares during the period. Gamco Investors INC. ET AL owned about 0.52% of Steel Partners worth $4,139,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 50.75% of the company’s stock.

About Steel Partners

Steel Partners Holdings L.P. (NYSE:SPLP) is a diversified holding company founded in 1990 by Robert P. Steel. Through a collection of operating subsidiaries, the firm invests in and manages businesses across a range of industries, including steel and metal manufacturing, precision machining, performance materials, and equipment distribution. In addition to its core industrial operations, Steel Partners maintains interests in real estate, transportation services, dental support, and digital imaging solutions, reflecting a strategy of building value through diversified assets.

Headquartered in New York, Steel Partners conducts operations through regional offices, manufacturing plants and distribution centers located throughout the United States, Canada and selected European markets.