HighTower Advisors LLC Acquires 635 Shares of Steel Partners Holdings L.P. (NYSE:SPLP)

HighTower Advisors LLC increased its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,420 shares of the conglomerate’s stock after buying an additional 635 shares during the period. HighTower Advisors LLC owned 0.14% of Steel Partners worth $1,082,000 at the end of the most recent quarter.

Separately, Gabelli Funds LLC lifted its position in shares of Steel Partners by 0.3% during the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate’s stock worth $22,207,000 after purchasing an additional 1,700 shares in the last quarter. 50.75% of the stock is owned by institutional investors and hedge funds.

Steel Partners Stock Down 0.8 %

NYSE SPLP opened at $41.50 on Wednesday. The stock has a market capitalization of $796.18 million, a P/E ratio of 4.26 and a beta of 1.38. Steel Partners Holdings L.P. has a 52 week low of $33.12 and a 52 week high of $48.45. 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 has a fifty day moving average of $41.09 and a 200-day moving average of $39.30.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Steel Partners in a report on Wednesday. They issued a “strong-buy” rating for the company.

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.