Steel Partners Holdings L.P. (NYSE:SPLP) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,997 shares of the conglomerate’s stock after acquiring an additional 577 shares during the quarter. HighTower Advisors LLC’s holdings in Steel Partners were worth $1,149,000 at the end of the most recent quarter.

Separately, De Lisle Partners LLP increased its position in shares of Steel Partners by 83.0% in the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock valued at $924,000 after purchasing an additional 10,377 shares during the last quarter. 50.75% of the stock is owned by institutional investors.

Steel Partners Stock Up 0.9 %

Shares of NYSE SPLP opened at $41.93 on Wednesday. The business has a 50-day moving average price of $41.12 and a 200 day moving average price of $41.21. The stock has a market cap of $799.72 million, a PE ratio of 4.30 and a beta of 1.37. Steel Partners Holdings L.P. has a 52-week low of $34.55 and a 52-week high of $48.45. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11.

Steel Partners (NYSE:SPLP) last released its quarterly earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share (EPS) for the quarter. The firm had revenue of $497.92 million for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Steel Partners in a report on Monday. They issued a “strong-buy” rating on the 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.