Gabelli Funds LLC lifted its position in Steel Partners Holdings L.P. (NYSE:SPLP – Free Report) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,503 shares of the conglomerate’s stock after buying an additional 1,700 shares during the quarter. Gabelli Funds LLC owned approximately 2.93% of Steel Partners worth $22,207,000 at the end of the most recent quarter.
Separately, Teton Advisors Inc. increased its stake in Steel Partners by 22.5% in the 1st quarter. Teton Advisors Inc. now owns 12,500 shares of the conglomerate’s stock worth $496,000 after acquiring an additional 2,300 shares during the last quarter. 50.75% of the stock is currently owned by hedge funds and other institutional investors.
Steel Partners Trading Down 0.7 %
Shares of Steel Partners stock opened at $41.01 on Monday. The company has a 50 day simple moving average of $38.49 and a two-hundred day simple moving average of $38.09. The firm has a market cap of $836.19 million, a PE ratio of 6.00 and a beta of 1.35. Steel Partners Holdings L.P. has a 1 year low of $33.12 and a 1 year high of $44.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.15.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Steel Partners in a research report on Saturday. They set a “strong-buy” rating for the company.
View Our Latest Stock Analysis on Steel Partners
Steel Partners Profile
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.
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