Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $40.95, but opened at $39.35. Steel Partners shares last traded at $39.03, with a volume of 1,700 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Steel Partners in a research report on Sunday. They set a “strong-buy” rating for the company.
View Our Latest Stock Analysis on Steel Partners
Steel Partners Stock Performance
Steel Partners (NYSE:SPLP – Get Free Report) last issued its earnings results on Wednesday, August 7th. The conglomerate reported $4.85 EPS for the quarter. The company had revenue of $533.16 million for the quarter. Steel Partners had a net margin of 11.04% and a return on equity of 21.44%.
Institutional Trading of Steel Partners
A hedge fund recently raised its stake in Steel Partners stock. Gabelli Funds LLC grew its stake 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 13F filing with the SEC. The institutional investor owned 596,503 shares of the conglomerate’s stock after purchasing an additional 1,700 shares during the quarter. Gabelli Funds LLC owned approximately 2.93% of Steel Partners worth $22,207,000 as of its most recent filing with the SEC. 50.75% of the stock is currently owned by institutional investors.
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.
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